Bitcoin ETFs

Extracted Attributes

• Product Type

  Exchange-Traded Fund (ETF)

• Regulatory Body

  U.S. Securities and Exchange Commission (SEC)

• Underlying Asset

  Bitcoin (BTC)

• Key Market Drivers

  Institutional adoption and Bitcoin Halving anticipation

• Spot ETF Approval Date

  2024-01-10

• Futures ETF Approval Date

  2021-10-01

Timeline

• The SEC approves the first futures-based Bitcoin ETFs in the United States. (Source: Web Search: ETF Database)

  2021-10-01

• The SEC officially approves the first 11 spot Bitcoin ETFs for trading on U.S. exchanges. (Source: Web Search: TD Direct Investing)

  2024-01-10

• The first 10 spot Bitcoin ETFs officially launch and begin trading. (Source: Web Search: ETF Database)

  2024-01-11

• Bitcoin reaches a new all-time high, driven by the successful launch of ETFs and anticipation of the halving event. (Source: 9dc63733-a42b-4294-a7a2-f3bcd64dffbb)

  2024-03-01

• The SEC approves Ether Spot ETFs for trading, following the precedent set by Bitcoin ETFs. (Source: Web Search: TD Direct Investing)

  2024-07-23

Exchange-traded fund

An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product; i.e., it is bought and sold on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock.

Web Search Results

• 25 Bitcoin ETFs and Their Fees, Promotions and Holdings

  ## What is a Bitcoin strategy ETF? Bitcoin strategy ETFs attempt to track the price of Bitcoin indirectly. Many started trading well before the first spot Bitcoin ETF approvals, and they're still available today. [...] | Amplify Bitcoin Max Income Covered Call ETF (BAGY)\ | 0.65% | Invested in Bitcoin ETFs. Generates income by writing covered calls on Bitcoin ETFs. | | Valkyrie Bitcoin Miners ETF (WGMI) | 0.75% | Invested in Bitcoin mining stocks. | | ProShares Bitcoin Strategy ETF (BITO) | 0.95% | Invested in Bitcoin futures. | | ProShares UltraShort Bitcoin ETF (SBIT)\\ | 0.97% | Invested in Bitcoin futures, targeting 2x the inverse of the daily returns of Bitcoin. | [...] | ETF name & symbol | Fee | --- | | Grayscale Bitcoin Mini Trust (BTC) | 0.15% | | Franklin Templeton Digital Holdings Trust (EZBC) | 0.19% | | Bitwise Bitcoin ETF (BITB) | 0.20% | | VanEck Bitcoin Trust (HODL) | 0.20%\ | | Ark 21Shares Bitcoin ETF (ARKB) | 0.21% | | iShares Bitcoin Trust (IBIT) | 0.25% | | Fidelity Wise Origin Bitcoin Fund (FBTC) | 0.25% | | WisdomTree Bitcoin Fund (BTCW) | 0.25% | | Invesco Galaxy Bitcoin ETF (BTCO) | 0.25% | | CoinShares Bitcoin ETF (BRRR) | 0.25% |

• Bitcoin ETPs: What are They? How to Buy | E*TRADE

  Futures-based bitcoin exchange-traded funds (ETFs):These ETFs – which have been around for some time - invest in bitcoin futures contracts instead of holding bitcoin. Unlike spot bitcoin ETPs that are passively managed, a futures-based bitcoin ETF is typically actively managed, which can increase fees. There are currently 22 futures-based bitcoin ETFs available to invest in, with a collective asset value of over $4 billion.2 [...] | Futures-based bitcoin ETFs | Actively managed Longer track record compared to spot bitcoin ETPs | Potential for higher tracking error Greater complexity compared to spot bitcoin ETPs | [...] Limited track record:While futures-based bitcoin ETFs have been around since 2021, spot bitcoin ETPs were only approved in January 2024. The limited time these ETPs have been in existence can make it hard for investors to evaluate their performance or anticipate how they will react in the event of a major market event.

• Cryptocurrency ETFs – Investment Types -- TD Direct Investing

  Cryptocurrency Exchange Traded funds (ETFs), or Crypto ETFs, can be a convenient way to invest in Cryptocurrency through your regular brokerage account, without the hassle of direct crypto ownership or storage. A range of different ETFs tracking different cryptocurrencies such as Bitcoin, Ethereum ( also known as Ether), etc. are now available in Canada and the U.S. Like traditional ETFs, they're traded on stock exchanges, tracking the prices of cryptocurrencies, either individually or in a [...] Interest rose for Bitcoin Spot ETFs in January 2024 due to a decision that month from the SEC approving them to be traded. Additionally, interest in Ether Spot ETFs have now garnered similar interests with SEC approval for trading as of July 23, 2024. These decisions by the SEC have given firms the ability to launch Bitcoin and Ether Spot ETFs on major U.S. stock exchanges. ### [...] A 3x leveraged ETF aims to yield three times the return of the index or other benchmark that it tracks. So, a 3x leveraged Bitcoin ETF seeks to triple the Bitcoin's performance for that day. However, leveraged ETFs can be quite risky as you can also incur 3x loss if the index doesn't perform well. ###

• The best Bitcoin ETFs/ETNs - justETF

  The release of Bitcoin ETFs in the USA, which was hotly debated in the media at the beginning of 2024, relates to the release of Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC). Previously, the only Bitcoin ETFs available in the US were based on futures contracts for the cryptocurrency. This allowed investors to participate in the performance of Bitcoin and Co. but not to invest directly in physically backed Bitcoin ETFs. The new Bitcoin ETFs should now solve this problem [...] At the beginning of 2024, the authorisation of Bitcoin ETFs, or more precisely ETFs based on the Bitcoin spot price, was approved in the USA. Several Bitcoin spot ETFs from various providers are available in the USA now, like the iShares Bitcoin Trust ETF (IBIT) from BlackRock and the Fidelity Advantage Bitcoin ETF (FBTC). Important in this context: The legal situation for funds and ETFs in the USA differs from that in Europe. This is because there are no Bitcoin ETFs in the EU due to the legal [...] | ETF name ISIN | | Fund size in m EUR | TER in % | Use of profits | Fund domicile | Replication method | | CoinShares Physical BitcoinGB00BLD4ZL17 | | 1,380 | 0.25% p.a. | Accumulating | Jersey | Physically backed | | WisdomTree Physical BitcoinGB00BJYDH287 | | 1,082 | 0.15% p.a. | Accumulating | Jersey | Physically backed | | Bitwise Physical Bitcoin ETPDE000A27Z304 | | 871 | 2.00% p.a. | Accumulating | Germany | Physically backed |

• Bitcoin ETFs List - ETF Database

  This page provides ETF Database Ratings for all Bitcoin ETFs that are listed on U.S. exchanges and tracked by ETF Database. The ETF Database Ratings are transparent, quant-based evaluations of ETFs relative to other products in the same ETF Database Category. As such, it should be noted that this page may include ETFs from multiple ETF Database Categories. [...] Funds that hold futures contracts on bitcoin were approved in the U.S. in October 2021, and investors could also get some access to bitcoin via funds investing in the equities of companies involved in the blockchain and crypto-related businesses. And after roughly a decade of lobbying, the SEC finally approved the first physical bitcoin ETFs in January 2024, with the first 10 funds launching on January 11, 2024, following a successful lawsuit by ETF issuer Grayscale. [...] This page provides links to various analyses for all Bitcoin ETFs that are listed on U.S. exchanges and tracked by ETF Database. The links in the table below will guide you to various analytical resources for the relevant ETF, including an X-ray of holdings, official fund fact sheet, or objective analyst report.