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

The SEC Is Reviewing the Bitwise Bitcoin ETF Rejection

The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month.

Par Nikhilesh De18 nov. 2019

Bitwise Chief Investment Officer Matt Hougan

Marchés

The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest.

Par Nikhilesh De7 nov. 2019

Marchés

Former World Gold Council Exec Develops New Bitcoin ETF

The portfolio manager behind SPDR Gold Shares is developing a bitcoin ETF, but winning SEC approval remains a holy grail in the nascent space.

Par David Pan23 oct. 2019

Marchés

SEC Restarts Clock on Proposed 'Bitcoin and T-Bills' ETF

Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds.

Par Nikhilesh De15 oct. 2019

Marchés

SEC Rejects Bitwise's Latest Bitcoin ETF Proposal

The SEC has rejected Bitwise's proposal for a bitcoin ETF.

Par Nikhilesh De9 oct. 2019

Marchés

SEC Delays Decision on Wilshire Phoenix Bitcoin ETF Proposal

The SEC has delayed making a decision on the Wilshire Phoenix bitcoin and U.S. Treasury bonds ETF proposal.

Par Nikhilesh De24 sept. 2019

Marchés

VanEck, SolidX Withdraw Bitcoin ETF Proposal From SEC Review

VanEck and SolidX just pulled their bitcoin ETF proposal a month before the SEC would have to approve or reject it.

Par Nikhilesh De17 sept. 2019

Marchés

Bitwise Taps BNY Mellon as Transfer Agent for Proposed Bitcoin ETF

Bitwise has tapped Bank of New York Mellon to act as the administrator and transfer agent for its proposed bitcoin ETF.

Par Nikhilesh De11 sept. 2019

Marchés

SEC Chair Clayton: Would-Be Bitcoin ETFs Have 'Work Left to Be Done'

There is “work left to be done” to address the SEC's concerns about bitcoin ETFs, its chairman said weeks before the deadline to approve or reject two proposals.

Par William Foxley9 sept. 2019