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Options trading for BlackRock's fund iShares Bitcoin Trust has been approved with ticker symbol "IBIT", the regulator said in a notice on Friday. The index options - listed derivatives offering a ...
Spot Bitcoin exchange-traded funds (ETFs) are among the newer entrants to the world of Bitcoin trading, joining Bitcoin futures ETFs, which have been trading since 2021.
The largest spot Bitcoin ETF, the iShares Bitcoin Trust (NASDAQ: IBIT), now has $53 billion in assets under management. Gold coin with Bitcoin symbol on it. Image source: Getty Images.
In June 2021, the firm filed to create a bitcoin ETF under the ticker ARKB, pending approval of the SEC, which had yet to approve any ETF based on the asset. [28] They re-filed to launch the spot bitcoin ETF in the US on April 25, 2023; it was approved on January 10, 2024, and began trading the following day. [29] [30]
An exchange-traded fund, or ETF, is a basket of assets (most commonly stocks) that trade under a single ticker symbol. Instead of buying stocks, the Grayscale Bitcoin Trust ETF purchases Bitcoin ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
In October 2021, the company launched an exchange-traded fund that invests in Bitcoin futures contracts. [1] [8] On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history. [9]
Spot Bitcoin ETFs track the price of the crypto on effectively the same percentage basis, even if they trade at different prices. If Bitcoin rises 1 percent, then the fund should rise 1 percent.