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The Securities and Exchange Commission approved spot Bitcoin ETFs in January 2024, ... Fund (ticker) YTD performance. Expense ratio. IShares Bitcoin Trust (IBIT) 50.2%. 0.12%.
A spot Bitcoin ETF pools investor money to purchase Bitcoin directly. A Bitcoin ETF is managed by an investment firm and listed on a traditional stock exchange. ... Ticker. Expense ratio. Bitwise ...
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 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 ...
The Securities and Exchange Commission's approval of spot ETFs last month was a decade-long fight and a turning point for crypto, as retail and institutional investors now can gain exposure to ...
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. The company charged higher than average fees compared to similar exchange-traded funds (ETFs), but said the fees were to cover the costs of trading bitcoin.
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]
Will we see an Ethereum ETF before long? Barely two months since their approval, spot Bitcoin ETFs have proved massively popular, with over $11.8 billion flowing into the so-called “ Newborn ...