VanEck's Spot Bitcoin ETF Goes Live on Australia's Biggest Stock Exchange
The VanEck Bitcoin ETF rose 1% on its debut after trading 99,791 shares.
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Jun 20, 2024 at 9:30 a.m. UTC
Jun 20, 2024
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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Bitcoin, Crypto-Related Stocks Are Ripe for Institutional Adoption: Bernstein
Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.
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Jun 19, 2024 at 10:00 a.m. UTC
Jun 19, 2024
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Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck
The fund will provide investors exposure to bitcoin by investing in the VanEck Bitcoin Trust ('HODL') which is a United States ETF listed on the Cboe BZX Exchange, Inc (Cboe).
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Jun 17, 2024 at 2:36 p.m. UTC
Jun 17, 2024
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Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares
Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC's losses
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Jun 17, 2024 at 11:16 a.m. UTC
Jun 17, 2024
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Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.
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Jun 14, 2024 at 8:14 a.m. UTC
Jun 14, 2024
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Ether Price Poised for Supply 'Shock' as ETFs May Attract $4B Inflows in Five Months, K33 Research Says
ETH will start outperforming bitcoin following the ETF launch after almost two and a half years of underperformance, the report said.
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Jun 4, 2024 at 6:45 p.m. UTC
Jun 4, 2024
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Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM
After a period of flat to negative flows, the spot ETFs have added $2.4 billion in assets over the past month, according to data from Bloomberg Intelligence.
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Jun 4, 2024 at 6:08 p.m. UTC
Jun 4, 2024
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Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says
David Krause, a professor of finance at Marquette University, said the initial investment by the State of Wisconsin Investment Board is just "a toe in the water" to test the p...
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Jun 3, 2024 at 6:23 p.m. UTC
Jun 3, 2024
Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.
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Jun 3, 2024 at 10:14 a.m. UTC
Jun 3, 2024
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Franklin Templeton's Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain's Potential for TradFi
The president and CEO of the asset management giant said blockchains are "transformational tech" that can help drive down operational costs during a panel discussion at Consen...
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May 30, 2024 at 7:02 p.m. UTC
May 30, 2024