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.

Finance

VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets

HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.

By Helene BraunMar 11, 2024

Scrabble letters spelling ETF arranged a rack

Opinion

We Have to Make It Easier For People to Own Crypto Directly (Not Just With ETFs)

The success of bitcoin ETFs reminds us to continue improving accessibility and lower entry barriers to bitcoin and Web3, says Binance’s CTO Rohit Wad.

By Rohit WadMar 11, 2024

Analysts differ on bitcoin's ultimate reaction to a spot ETF (Unsplash, modified by CoinDesk)

Finance

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

Mudrex is a Y-Combinator-backed, California-headquartered entity with a subsidiary registered with the Intelligence Unit of India.

By Amitoj SinghMar 11, 2024

Markets

BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy

The asset manager's spot fund added just shy of 5,000 bitcoins Friday, bringing total holdings to 195,985 tokens.

By Helene BraunMar 10, 2024

BlackRock's IBIT has accumulated more bitcoin than MicroStrategy. (CoinDesk)

Markets

Bitcoin Record High Would’ve Happened Without ETFs, Just Later, Say Experts

The world's largest crypto has risen about 60% in just the two months since the opening of the spot bitcoin ETFs.

By Helene BraunMar 6, 2024

Markets

BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday's Carnage

IBIT’s total inflows surpassed the $9 billion mark as prices plunged following bitcoin taking out a record high above $69.000.

By Shaurya MalwaMar 6, 2024

Policy

SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications

The SEC wants to know if the applications for ETFs that hold Ethereum's ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs.

By Nikhilesh DeMar 6, 2024

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin ETFs Smash $10B Trading Volume Record Amid Wild BTC Price Action

Last week's volume record coincided with strong ETF inflows, but Tuesday's action could indicate heavy profit-taking, with traders perhaps deciding to sell shares to lock in gains.

By Krisztian SandorMar 5, 2024

Markets

Bitcoin Soars to New All-Time High Above $69K

The success of the spot ETFs which opened for business on Jan. 11 was the catalyst for this latest bull run for the world's largest crypto.

By Stephen Alpher, Sam ReynoldsMar 5, 2024

Markets

Grayscale GBTC Selling Accelerates but Bitcoin ETF Inflows Remain Positive, Led by BlackRock

The key driver behind the selling could potentially be crypto lender Genesis, which last month received bankruptcy court approval to sell 35 million GBTC shares.

By Krisztian SandorMar 1, 2024