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.

Mercati

VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering

Chicago-based CBOE exchange says in website posting that the VanEck Bitcoin Strategy ETF will start trading Tuesday under the ticker symbol “XBTF.”

Di Tanzeel Akhtar14 nov 2021

After weeks of delays, the VanEck Bitcoin Strategy ETF is ready to launch. (Unsplash, modified by CoinDesk)

Finanza

SEC Rejects VanEck’s Spot Bitcoin ETF Proposal

The decision did not come as a surprise given SEC chair Gary Gensler’s preference for a bitcoin futures ETF.

Di Nelson Wang12 nov 2021

Bitcoin Climbs Above $60K After Report SEC Won’t Block Futures ETF

Mercati

Market Wrap: Bitcoin Outperforms as Traders Prepare for Next Leg Higher

Bitcoin is up about 5% over the past week, compared with a 3% rise in ether over the same period.

Di Damanick Dantes, Helene Braun9 nov 2021

Bitcoin market dominance ratio (Damanick Dantes/CoinDesk, TradingView)

Finanza

BlockFi, Neuberger Berman File for Spot Bitcoin ETF

The BlockFi NB Bitcoin ETF would provide direct exposure to bitcoin, if approved.

Di Kevin Reynolds8 nov 2021

Podcast

Why Some US Congressmen Are Asking Gensler About a Bitcoin Spot ETF

Di Nathaniel Whittemore4 nov 2021

Tecnologie

Why the Advisor Crypto Technology Gap Is Closing

Cryptocurrency technology and infrastructure developed first for the individual investor. Today, advisors have the most of the same capabilities and opportunities as do-it-yourselfers.

Di Christopher Robbins4 nov 2021