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

Market Wrap: Bitcoin Reaches $61K as SEC’s ETF Deadline Nears

Bitcoin is inching closer to an all-time high as anticipation builds the U.S. regulator will finally approve one of the many applications it has received.

By Damanick Dantes, Tracy WangOct 16, 2021

U.S. Securities and Exchange Commission (Shutterstock)

Learn

What Is a Bitcoin ETF?

The SEC is expected to decide on Jan. 10, 2024, whether to approve bitcoin ETFs from the likes of BlackRock, Fidelity and others, which would give investors exposure to the biggest cryptocurrency without having to actually buy it.

By Nick Baker, Ollie LeechOct 16, 2021

Policy

SEC Approves Bitcoin Futures ETF, Opening Crypto to Wider Investor Base

ProShares is set to launch trading of its bitcoin futures ETF next week.

By Nikhilesh De, Danny NelsonOct 16, 2021

SEC Chair Gary Gensler (Melissa Lyttle/Bloomberg via Getty Images)

Podcasts

Bitcoin Is Actually, Finally About to Have an ETF

By Nathaniel WhittemoreOct 15, 2021

Finance

Jacobi Asset Management Wins Bitcoin ETF Approval in Guernsey

The news comes as investors eagerly await the SEC’s verdict on a crop of bitcoin futures ETFs.

By Danny NelsonOct 15, 2021

ST PETER PORT, GUERNSEY, CHANNEL ISLANDS: Castle Cornet, St Peter Port, Guernsey, Channel Isles. (Photo by Tim Graham/Getty Images)

Markets

Market Wrap: Bitcoin Declines as Indicator Shows Rally Could Lose Steam

Comments from J.P. Morgan CEO Jamie Dimon contributed to a sour mood across crypto markets.

By Damanick Dantes, Tracy WangOct 12, 2021

Videos

GSR USA CEO: Bitcoin Will Be Back at $65K

Trey Griggs, CEO of GSR USA, discusses his bullish forecast for bitcoin, citing the value of the Bitcoin network, a pending bitcoin ETF approval, increase in transaction activity and in-person meetings. Plus, his take on the U.S. crypto regulatory landscape.

Oct 11, 2021

Videos

What to Watch in Bitcoin This Week

Bitcoin’s price continues to rise, up more than 4% on the day. Patrick Heusser, head of trading at Crypto Finance AG, discusses his crypto markets analysis and outlook, explaining what he sees as drivers for positive or bullish sentiment around bitcoin.

Oct 11, 2021

Markets

Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’

There’s a downside to SEC Chair Gary Gensler’s preference for an exchange-traded fund focused on bitcoin futures. But it’s unlikely to deter investors.

By Omkar GodboleOct 11, 2021

A little-known risk of a bitcoin futures ETF is that it could bleed investor returns. (Unsplash, modified by CoinDesk)

Finance

Pantera CEO Says Bitcoin ETF May Fail to Spark Rally

Dan Morehead said the crypto community is living in a world of “buy the rumor, sell the fact.”

By Josh FinemanOct 11, 2021

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