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Author: Admin | 2025-04-28
A spot Bitcoin ETF may be higher or lower than bitcoin’s price.Financial institutions known as authorized participants, or APs, work to correct this error. They help to rectify the issue and nudge the ETFs back in line by creating and redeeming large blocks of shares of the funds based on market demands.This action increases the market’s transparency because it helps to maintain the EFTs’ value as close as possible to the value of bitcoin.Which Bitcoin ETFs Were Approved?In January 2024, the United States Securities and Exchange Commission (U.S SEC) approved the first 11 spot Bitcoin exchange-traded funds (ETFs).Here is a list of the new spot Bitcoin ETFs, and their fund managers or sponsors, in alphabetical order:ARK 21Shares Bitcoin ETF (ARKB): Its fund managers are Ark Invest and 21Shares.Bitwise Bitcoin ETF (BITB): This ETF is managed by Bitwise Investment Advisers, LLC.Fidelity Wise Origin Bitcoin Trust (FBTC): FD Funds Management LLC sponsors this ETF.Franklin Bitcoin ETF (EZBC), managed by Franklin Holdings LLC.Grayscale Bitcoin Trust (GBTC): Grayscale Investment LLC is Grayscale Bitcoin Trust’s fund manager.Hashdex Bitcoin ETF (DEFI), sponsored by Tidal Investment.Invesco Galaxy Bitcoin ETF (BTCO): Invesco Capital Management LLC sponsors this ETF.iShares Bitcoin Trust (IBIT): iShares Delaware Trust Sponsor LLC is the ETF’s sponsor.Valkyrie Bitcoin Fund (BRRR): This ETF’s former sponsor was Valkyrie Digital Assets LLC. The new sponsor is Coinshares Co.VanEck Bitcoin Trust (HODL): Its fund manager is VanEck Digital Assets, LLC.WisdomTree Bitcoin Fund (BTCW): Foreside Fund Services is its marketing agent.Along with the approval, the U.S. Security and Exchange Commission’s chairman, Gary Gensler, released a statement. At the end of the statement, Gensler urged investors to “remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.”How Can I Buy a Bitcoin ETF?Bitcoin ETFs can be traded on traditional stock exchanges and are available
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