cryptocurrency

Bitcoin ETF: What's Next in Grayscale's Battle With the SEC? – U.S News & World Report Money


Investors already have access to exchange-traded funds that invest in Bitcoin (BTC) futures contracts, but soon they may be able to buy ETFs that track the current spot price of the original cryptocurrency.

Grayscale Investments has been aiming to launch a spot Bitcoin ETF since October 2021 and has recently made strides in its regulatory tug-of-war with the Securities and Exchange Commission to accomplish its goal.

A spot Bitcoin ETF would offer simpler, safer exposure to the world’s most popular cryptocurrency without requiring that investors own it directly, presumably making it accessible to a wider group. In the meantime, ProShares Bitcoin Strategy ETF (ticker: BITO) and other popular funds already trade on public markets and invest in Bitcoin futures.



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