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 ETF Has Broken BTC's Pandemic-Era Price Correlation With Luxury Watches

Crypto prices have decoupled from prices for luxury watches, ending a prolonged positive correlation caused by unprecedented monetary stimulus.

By Sam ReynoldsJan 30, 2024

Markets

Invesco Cuts Bitcoin ETF Fee In a Bid to Lure Investors

The asset manager previously had one of the highest fees of 0.39% for its bitcoin ETF.

By Helene BraunJan 29, 2024

Monad stumbles out the gate (Dallas Reedy/Unsplash)

Markets

Crypto Funds Saw $500M in Outflows Last Week as GBTC Bleed Outweighed Rivals' Gains: CoinShares

While the exit of money from Grayscale has slowed, so too has the rush of new money headed into the other bitcoin ETFs.

By Krisztian SandorJan 29, 2024

Markets

Anthony Scaramucci Predicts Bitcoin to Hit at Least $170K Post Halving

Scaramucci also praised BlackRock CEO Larry Fink for “[doing] his homework” on bitcoin and changing his mind on the asset.

By Helene BraunJan 29, 2024

Anthony Scaramucci sees bitcoin soaring to at least $170,000 after the halving in April. (Shutterstock/CoinDesk)

Markets

First Mover Americas: Bitcoin Consolidates at $42K

The latest price moves in crypto markets in context for Jan. 29, 2024.

By Jamie Crawley, Omkar GodboleJan 29, 2024

Policy

Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports

Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.

By Amitoj SinghJan 29, 2024

Hong Kong harbor skyline view into Kowloon

Policy

Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum

Hong Kong has voiced the most interest in achieving the reality of a bitcoin ETF approval, and that the U.S. approval could move things along faster

By Amitoj SinghJan 29, 2024

Opinion

Why Is Everyone Suddenly Bearish About Bitcoin?

The cryptocurrency has dipped following the most bullish event in recent crypto history, the launch of spot bitcoin ETFs, apparently causing a crisis in faith.

By Daniel KuhnJan 26, 2024

Markets

BlackRock’s Bitcoin ETF First to Reach $2B in AUM

The fund now holds nearly 50,000 bitcoin after adding almost another 4,300 tokens on Thursday.

By Helene BraunJan 26, 2024

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

Markets

First Mover Americas: Bitcoin Regains $41K in End of Week Rally

The latest price moves in crypto markets in context for Jan. 26, 2024.

By Jamie CrawleyJan 26, 2024

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