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

Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?

Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.

By Helene BraunJan 23, 2024

Markets

First Mover Americas: Bitcoin Slips Below $39K

The latest price moves in crypto markets in context for Jan. 23, 2024.

By Jamie Crawley, Omkar GodboleJan 23, 2024

Bitcoin price FMA, Jan. 23, 2024 (CoinDesk)

Policy

SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In

The U.S. regulator confirmed it didn't take its own security advice through much of 2023, leaving it open for a costly social-media hack that's still under investigation.

By Jesse HamiltonJan 22, 2024

Gary Gensler's SEC must now decide what to do about multiple applications for BTC and ETH ETFs (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria

Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.

By Stephen AlpherJan 22, 2024

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Markets

Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale

Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.

By Stephen AlpherJan 22, 2024

Finance

FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources

BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.

By Ian AllisonJan 22, 2024

Markets

First Mover Americas: Solana, Cardano Lead Losses as Market Starts Week in the Red

The latest price moves in crypto markets in context for Jan. 22, 2024.

By Jamie Crawley, Omkar GodboleJan 22, 2024

Markets

Trading Volume on Proshares Bitcoin ETF Tanks 75% as Focus Shifts to Spot ETFs

Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.

By Omkar GodboleJan 22, 2024