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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.
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.
Marketing is the next frontier of the bitcoin ETF battle. And in that race, one fund has a head start. In the Bitcoin ETF marketing wars, Grayscale has an unusual advantage—its ticker
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]
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.
A spot Bitcoin ETF, which tracks the current price of the popular cryptocurrency, had long been a pipe dream for the crypto industry, with the hope it could open new flows of investment from ...
The ARK 21Shares Bitcoin ETF and the Bitwise Bitcoin ETF offer slightly lower fee ratios, for instance. ... Bitcoin symbol next to a Wall Street sign. Image source: Getty Images.