Bitcoin ETF

What is a bitcoin ETF? They are a relatively easy-to-purchase investment vehicle that owns bitcoin (BTC), the original cryptocurrency. Just like stocks, exchange-traded funds are listed on exchanges, can be traded throughout the day and are available for purchase through normal brokerage accounts. A bitcoin ETF was first proposed in the U.S. around 2013 by Cameron and Tyler Winklevoss, but were never approved by the U.S. Securities and Exchange Commission. Several applications for them are pending with the SEC as of January 2024, from companies including BlackRock, Grayscale, Fidelity, Galaxy/Invesco and Franklin Templeton. If approved, crypto ETFs could dramatically broaden the base of people who can invest in digital assets. There have been bitcoin futures ETFs available in the U.S. for several years, but the latest round of proposed products, technically known as spot bitcoin ETFs, are a more efficient and desirable product.

Markets

Bitcoin Correction May Continue if ETF Inflows Disappoint in Next Few Days: 10x Research

Bitcoin ETF inflows on Monday and Tuesday will be the "real test" for what's next for the largest crypto asset's price, Markus Thielen wrote.

By Krisztian SandorMar 18, 2024

Markets

Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K

The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024.

By Jamie CrawleyMar 18, 2024

Markets

Gold Investors Aren't Switching Into Bitcoin, JPMorgan Says

Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.

By Will CannyMar 15, 2024

Policy

Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs

Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies

By Sam ReynoldsMar 15, 2024

U.S. Securities and Exchange Commission Chair Gary Gensler (Jesse Hamilton/CoinDesk)

Finance

Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEck

The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.

By Helene BraunMar 14, 2024

Bitcoin ETF net inflows approach $1B (Shutterstock)

Finance

Crypto for Advisors: The Investment Case of Bitcoin vs. Ether

With the dual tailwind of bitcoin ETF flows and the upcoming halving, is bitcoin the best bet? Not so fast. Ethereum, the next biggest crypto asset by market cap, has a case of its own to make.

By Sarah Morton, Alex TapscottMar 14, 2024

Markets

Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

Spot bitcoin exchange-traded funds took in 14,706 BTC, or over $1 billion, in net inflows on Tuesday, data tracked by BitMEX Research shows.

By Shaurya MalwaMar 13, 2024

Markets

SEC Orders First Trust-SkyBridge to Declare Its Bitcoin ETF Application Abandoned

First Trust was one of the first to file for a BTC ETF, and was rejected by the SEC in January 2022.

By Sam ReynoldsMar 13, 2024

Anthony Scaramucci, Founder, Managing Partner, SkyBridge Capital (Shutterstock/CoinDesk)

Finance

VanEck Spot Bitcoin ETF Sees Record $119M Inflow After Fee Cut to 0%

VanEck waived the management fee for its spot bitcoin ETF for a year or until it reaches $1.5 billion in assets under management.

By Krisztian SandorMar 12, 2024

Scrabble tiles spelling out "ETF GROWTH"

Finance

Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday.

By Ian AllisonMar 12, 2024