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Author: Admin | 2025-04-28
ETF supported through their brokerage account. Trading a crypto ETF is as simple as logging into your brokerage account, selecting the trading symbol that represents the Bitcoin ETF, and proceeding to buy or sell the asset.History of Bitcoin ETFs in the United StatesIt took a long time for the Securities and Exchange Commission (SEC) to approve the launch of a Bitcoin ETF. Here is a brief rundown of the process:July 2013 – Winklevoss Bitcoin Trust application made by the Gemini co-founders Cameron and Tyler Winklevoss sponsored by Math-Based Asset Services LLC. The SEC rejected the application on March 10th, 2017.December 2017 – ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF applications filed by the ProShares Trust in conjunction with the New York Stock Exchange (NYSE). The two funds were to be listed on the NYSE Arca exchange, tracking the Bitcoin futures’ performance listed on CME and CBOE exchanges. The SEC rejected both applications on August 22nd, 2018.January 4th, 2018 – NYSE Arca applies to list five Bitcoin-related funds. The funds were Direxion Daily Bitcoin Bear 1X Shares, Direxion Daily Bitcoin 1.25X Bull Shares, Direxion Daily Bitcoin 1.5X Bull Shares, Direxion Daily Bitcoin 2X Bull Shares, and Direxion Daily Bitcoin 2X Bear Shares. The SEC rejected the application on August 22nd, 2018.January 5th, 2018 – Cboe BZX Exchange applied to list shares of GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF. The SEC disapproved the application on August 22nd, 2018.January 2019 – NYSE Arca applies to list shares of Bitwise Bitcoin ETF Trust. This application was also rejected on October 9th, 2019.January 2019 – the Cboe BZX Exchange applies to list SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust. However, the exchange does not wait for a determination from the commission following several postponements. It withdrew the application on September 17th, 2019.June 2019 – the NYSE Arca exchange files another Bitcoin ETF application in conjunction with the New York-based investment management firm Wilshire Phoenix to list shares of the United States Bitcoin and Treasury Investment Trust. On February 26th, 2020, the SEC again rejected this application.2021 –
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