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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 ...
This makes sense, given that the most popular spot Bitcoin ETF is the iShares Bitcoin Trust (NASDAQ: IBIT). A trading screen showing numbers and the abbreviation ETF. Image source: Getty Images.
Spot bitcoin ETFs offer investors exposure to the world's largest cryptocurrency without directly holding it. After a decade-long tussle with the SEC, 11 such ETFs started trading in the United ...
What a $40 iShares Bitcoin Trust ETF would mean. In other words, spot Bitcoin ETFs such as the iShares option will probably always offer a lower-priced method to invest in Bitcoin. The underlying ...
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 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 ...
Global X in November 2023 also launched an ETF option for volatile emerging markets. [6] Global X filed its application to become one of the first companies to offer a Spot Bitcoin ETF in the US on August 23, 2023. [7] In its first year of operation, the Global X Blockchain ETF dropped 76.7 percent, dropping from a peak of $125 of assets. [8]
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 ...