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Spot Bitcoin ETFs began trading in early 2024, and a number of companies rushed to set up a fund based on the most popular crypto. This new breed of Bitcoin fund owns the crypto directly, meaning ...
He also likes the ETF wrapper for retail investors: “A spot Bitcoin ETF is one of the easiest ways for an investor to get exposure to Bitcoin. And easier than buying it on a crypto exchange ...
The Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum spot ETFs earlier this year and the lead-up to these approvals drove up the prices of both tokens. Bitcoin spot ETFs were ...
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [ 1 ] [ 2 ] [ 3 ] ETFs own financial assets such as stocks , bonds , currencies , debts , futures contracts , and/or commodities such as gold bars .
Bitcoin investor Microstrategy gained 7% and crypto exchange Coinbase 4%, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, added 3.7%. Shares of retail trader-focused ...
Barely two months since their approval, spot Bitcoin ETFs have proved massively popular, with over $11.8 billion flowing into the so-called “Newborn Nine,” including a record $1 billion on ...
In January 2024, the first 11 US spot bitcoin ETFs began trading, offering direct exposure to bitcoin for the first time on American stock exchanges. [ 59 ] [ 60 ] In December 2024, bitcoin price reached $100,000 for the first time, as US president-elect Donald Trump promised to make the US the "crypto capital of the planet" and to stockpile ...
The spot Bitcoin ETF run by the world’s largest asset manager, BlackRock, showed its early dominance in becoming the first among a newly approved group of crypto-linked financial products to ...