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.

Policy

Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say

The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.

By Sheldon RebackDec 22, 2023

Hong Kong harbor skyline view into Kowloon

Markets

Solana, Avax, Helium Led Digital Assets Gains This Year. What's Next?

What to watch for in 2024, according to market analysts.

By Lyllah LedesmaDec 21, 2023

Markets

Bitcoin Could Retract to $36K Before Uptrend Resumes, QCP Capital Says

In a recent note, the Singapore-based digital assets trading firm said expects topside resistance for bitcoin in the $45k-$48.5K region.

By Sam ReynoldsDec 21, 2023

Podcasts

Why Swan CEO Cory Klippsten Is Still Convinced That Bitcoin Is Headed to $1 Million

By Laura ShinDec 20, 2023

Jeremy Allaire on Circle's ‘Multi-Decade’ Strategy and Where Stablecoin Regulation Is Headed

Markets

BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF

This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF.

By Sam ReynoldsDec 20, 2023

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

Markets

Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor

A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.

By Stephen AlpherDec 19, 2023

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

Markets

BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Hoped-for SEC Approval

BlackRock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

By Elizabeth NapolitanoDec 19, 2023

Finance

Bitcoin ETF Ad War Officially Underway With Bitwise Campaign

The short video advertisement featured the actor best known for portraying the "Most Interesting Man in the World."

By Stephen AlpherDec 18, 2023

Actor Jonathan Goldsmith (C Flanigan/Getty Images)

Finance

BlackRock's Bitcoin ETF Now Invites Participation From Wall Street Banks

A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly.

By Ian AllisonDec 12, 2023