Bitcoin ETF

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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.

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Chair Gary Gensler's U.S. Securities and Exchange Commission confirmed its bitcoin ETF hack was a "SIM swap." (Jesse Hamilton/CoinDesk)
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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.
Chair Gary Gensler's U.S. Securities and Exchange Commission confirmed its bitcoin ETF hack was a "SIM swap." (Jesse Hamilton/CoinDesk)

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

Bitcoin bulls mull some good news (John Angel/Unsplash)
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.
Bitcoin bulls mull some good news (John Angel/Unsplash)

(Adobe Firefly)
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 e...
(Adobe Firefly)

CD20 Jan. 22 2024 (CoinDesk)
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.
CD20 Jan. 22 2024 (CoinDesk)

A user tracks charts on an tablet with a keyboard and larger monitor in the background.
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.
A user tracks charts on an tablet with a keyboard and larger monitor in the background.

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.
The New York Times Still Doesn’t Get Bitcoin
Response to the latest article misunderstanding bitcoin.
New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

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First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
The latest price moves in crypto markets in context for Jan. 19, 2024.
Graph superimposed over a markets monitor

Bitcoin ETFs had more assets than silver ETFs the instant the SEC approved them last week. (Scottsdale Mint/Unsplash)
Bitcoin Instantly Topped Silver in ETF Market and Trails Only Gold Among Commodities
The newly launched bitcoin exchange-traded funds already have nearly $30 billion in assets under management. Silver ETFs only have $11 billion.
Bitcoin ETFs had more assets than silver ETFs the instant the SEC approved them last week. (Scottsdale Mint/Unsplash)

Bitcoin prices fell further on Thursday (Chris Liverani/Unsplash)
Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day
Large inflows in the new spot bitcoin ETFs have been sizably offset by outflows from not just from GBTC but other global bitcoin-related ETPs.
Bitcoin prices fell further on Thursday (Chris Liverani/Unsplash)