The people in charge of financial stuff in the U.S. (SEC) are thinking about letting special funds (ETFs) that directly own Bitcoin exist. If they say yes, it means regular people can invest in Bitcoin without actually having to buy and keep it safe. Right now, these funds can only have contracts or stocks related to Bitcoin.
As I explored JP Morgan’s analysis, it seems the approval may happen in a few days. To be more specific, it has a deadline of January 17, 2024. After going through all the resources, I have made a list of Bitcoin ETF approval and deadline dates in the perception of several funds.
| ETF/Fund | Month | Day | Description |
| Ark / 21Shares | January | 10 | Final Deadline |
| Bitwise | January | 14 | Approval Deadline |
| Blackrock / iShares | January | 15 | Approval Deadline |
| VanEck | January | 15 | Approval Deadline |
| Wisdomtree | January | 15 | Approval Deadline |
| Invesco Galaxy | January | 15 | Approval Deadline |
| Fidelity | January | 15 | Approval Deadline |
| Valkyrie | January | 17 | Approval Deadline |
| Pando Asset | February | 8 | Approval Deadline |
| Blackrock / iShares | March | 15 | Final Deadline |
| Bitwise | March | 14 | Final Deadline |
| VanEck | March | 15 | Final Deadline |
| WisdomTree | March | 15 | Final Deadline |
| Invesco Galaxy | March | 15 | Final Deadline |
| Fidelity | March | 15 | Final Deadline |
| Valkyrie | March | 19 | Final Deadline |
| Hashed | March | 31 | Approval Deadline |
| Franklin Templeton | March | 31 | Approval Deadline |
| Global X | April | 19 | Final Deadline |
| Hashed | May | 30 | Final Deadline |
| Franklin Templeton | May | 30 | Final Deadline |
| Pando Asset | August | 21 | Final Deadline |
If you are in search of some crypto funds, I have some recommendations too. Personally, I invest in Grayscale but you can also approach Pantera Capital, Coinbase Ventures, Blockchain Capital, Polychain Capital, etc. These are some prominent funds through which you can invest in cryptocurrency from this new year.
What is a Bitcoin ETF or mutual fund?
You can invest in Bitcoin without owning it through Bitcoin ETF. This is what ETF is all about. It’s a fund that lets you join the Bitcoin market. It also faces the consequences of the ups and downs of Bitcoin’s value.
Now, if we talk about a BlackRock Bitcoin ETF, that’s a special kind produced by a big company, BlackRock. They let you invest in Bitcoin using their own method. And then, there’s Spot Bitcoin ETF. This method is a direct ticket to the real deal. It directly holds real bitcoins and offers you a closer connection to the actual cryptocurrency.
More simply, these are ways for you to engage in the Bitcoin world without consuming technical stuff or holding the actual digital coins.
How to invest in Grayscale Bitcoin Trust (GBTC)?
The most wise decision to invest would be to invest in Grayscale Bitcoin Trust (GBTC). This investment will allow you to trade in Bitcoin with less risk. GBTC lets investors get exposure to Bitcoin without having to deal with the nitty-gritty of buying and storing actual Bitcoins.
Unlike some other ways, GBTC is a bit simpler. It doesn’t mess with confusing things like Bitcoin futures contracts. Rather, It’s a straightforward way for you to be part of the Bitcoin action.
Is there any Bitcoin ETF? Where can I buy it?
If you’re wondering where to get one, you can buy it through ETF trading. These buying and selling investment things can be implemented online. All you have to do is keep an eye on the price of Bitcoin the rest will be controlled by the ETF platforms.
If you ask me about some of the best-performing ETFs in 2024, I would refer to BITO, BITI, XBTF, BTF, MAXI, and BITS. These platforms are filled with experts who can lead you to a good investing plan.
Will the Bitcoin spot ETF be approved?
The SEC Chair Gary Gensler has already approved plenty of Bitcoin ETF funds. But so far, the market regulator has only been comfortable greenlighting funds that track cryptocurrency futures or own the stocks of companies with indirect exposure to crypto. The approval of a spot Bitcoin ETF could provide investors with exposure to the enticing potential of BTC.
According to news reports, the SEC is expected to approve a spot Bitcoin ETF soon. It’ll be big news for investors and a revolution for the Bitcoin world. To see approval, you have to be in contact with the investors to the Securities and Exchange Commission sec.
What does Gary Gensler as SEC Chief mean for crypto?
Gary Gensler is the head of the Securities and Exchange Commission (SEC) in the United States. He’s responsible for regulating financial markets and protecting investors. Gensler is also experienced in finance and regulation and taught about cryptocurrencies and blockchain at MIT.
What I got to know is, that he’s worried that some people might do bad things with digital money, like using it for terrorism or not paying taxes. So, he wants to make some rules to stop that. But, he also wants to make sure those rules don’t stop cool new tech ideas. He plans to have rules to keep everyone safe while still letting technology grow.
People are happy that Gensler is in charge because he’s looking out for rules to make the cryptocurrency world safer. But, he still thinks some digital currencies should follow existing rules, even if some in the crypto community don’t agree.
Why did BlackRock file for a spot in Bitcoin ETF with the SEC?
BlackRock, a big asset investment firm, wants to launch a Bitcoin ETF that directly invests in Bitcoin. The SEC might approve it soon. Investing in a Bitcoin exchange-traded fund has its own risk. That’s why the firm wants to file for a spot in Bitcoin ETF with the SEC.
Top 5 Funds to Invest in Cryptocurrency
Here, I discuss different cryptocurrency investment funds. These funds offer various benefits such as safety, quick access, low fees, diversified exposure, ease of use, and strong performance. Read every detail about them and see which one will be best for you.
01. Grayscale Bitcoin Trust (GBTC)
Over a net asset of 20 billion, the Grayscale Bitcoin Trust is the safest choice for any Bitcoin investor. It’s reliable for enormous funds and a reputed company backs it with a strong track record in the industry. This fund offers exposure to Bitcoin via futures contracts.
It recently filed a form 8-A registration with the SEC that indicates its progress towards spot ETF. We can believe that the fund will get potential approval as well. No matter how experienced you are in this business, GBTC will give you the safest trade possible in the crypto arena.
02. Pantera Bitcoin Fund
If you want quick and secure access to Bitcoin, Pantera Bitcoin Fund is the way to go. The fund offers daily liquidity and a low fee structure. It has a net asset of over $500 million and invests in several cryptocurrencies along with Bitcoin.
Pantera Bitcoin Fund has been in the market since 2013. In 2020, it gained trust when it raised an additional $5 million and reached the $134 million milestone. Pantera Capital reported that its ICO-focused fund has grown 362% YTD, and plans to raise $1.25 billion for a new blockchain fund.
03. Coinbase Index Fund
Coinbase Index fund is one of the top-rated funds with a minimum investment of $250000. It’s designed for institutional investors. On May 1, 2019, the fund had a three-month return of -7.20% due to the slump in crypto markets.
The fund is planning to go public via direct listing on Nasdaq, expected to boost its valuation of $68 billion. It also added Dogecoin, a meme-inspired cryptocurrency, which surged in price and drew interest from investors. Coinbase’s expansion plans and upcoming listing are set to make history in the cryptocurrency industry. So, you can easily get engaged with it freely.
04. Bitwise 10 Crypto Index Fund
To get the privilege of diversified exposure to the cryptocurrency market, Bitwise 10 Crypto Index Fund is a wise choice. With a net asset of over $1 billion, it’s the most highly valued platform with certain monitoring of risks and hazards. The fund offers the safety and ease of a traditional investment vehicle. Its shares can be traded in brokerage accounts using the ticker “BITW”.
As of January 5, 2024, the fund had an estimated net asset value of $712 million. It has shown strong performance with a one-year return of 129.19% till now. It’s a well-known provider of cryptocurrency index funds and is highly regarded in the industry. The company has recently made headlines for its plans to introduce a new NFT index fund.
05. Grayscale Ethereum Trust (ETHE)
The Grayscale Ethereum Trust (ETHE) fund allows investors to invest in Bitcoin with ease. The fund’s net asset value is more than $6.86 billion. Till December 29, 2023, the fund had an 85.48% return in one year. It has performed well overall, with a three-month return of -3.28%.
Recently, ETHE has been in the news for narrowing its discount to 16%. It’s a significant improvement from the almost 30% discount a month ago and almost 60% earlier this year. So, If you are looking for a financially-friendly fund, this is the best option available to you.
You may also be interested
Wrap-Up The Content
Nowadays, People are getting excited because they might give the green light to Bitcoin ETF. There’s this big investment company, BlackRock wants to make a special ETF called Spot Bitcoin ETF. If the bosses at the SEC say “thumbs up,” it means they can directly invest in actual Bitcoins without dealing with all the tricky stuff of owning and storing them. This is a big deal for the crypto world because it could make it easier for everyone to join in and see Bitcoin as a regular way to invest.
Frequently Asked Questions
What is BlackRock Bitcoin ETF?
BlackRock Bitcoin ETF is an investment fund. It was created by BlackRock. It’s one of the world’s largest asset management firms. This ETF offers a unique Bitcoin Strategy ETF that will let you invest in Bitcoin without trading.
Why hasn’t the SEC approved any Bitcoin ETF yet?
The SEC hasn’t approved a Bitcoin ETF so far because of the concerns and regulatory considerations. They are cautious about ensuring the safety and fairness of such financial products in the market.
What is a Spot Bitcoin ETF?
A Spot Bitcoin ETF is an exchange-traded fund that directly invests in Bitcoin. It provides a more direct way for investors to get exposure to the actual cryptocurrency.
Will the Bitcoin price go up if the Bitcoin ETF is approved?
The approval of a Bitcoin ETF could potentially impact the Bitcoin price. Experts believe that increased accessibility through Bitcoin Futures ETFs might attract more investors in the future.
