Which institutions are applying for Bitcoin ETFs?

Several reputable institutions, including Grayscale Investments, VanEck, WisdomTree, Fidelity Investments, and Invesco, have submitted applications to the Securities and Exchange Commission (SEC) to list Bitcoin exchange-traded funds (ETFs).

Jan 08, 2025 at 04:25 pm

Which Institutions Are Applying for Bitcoin ETFs?

The highly anticipated Bitcoin exchange-traded funds (ETFs) are finally coming to the United States. After years of delays and regulatory hurdles, the Securities and Exchange Commission (SEC) is finally allowing a number of institutions to list their Bitcoin ETFs.

Here is a list of the institutions that have applied for Bitcoin ETFs:

• Grayscale Investments
• VanEck
• WisdomTree
• Fidelity Investments
• Invesco
• Galaxy Digital
• Bitwise Asset Management
• ARK Invest
• BlockFi
• CoinShares
• 21Shares

Grayscale Investments

Grayscale Investments is the largest digital asset manager in the world, with over $40 billion in assets under management. The company was founded in 2013 and is headquartered in New York City. Grayscale offers a variety of digital asset products, including the Grayscale Bitcoin Trust (GBTC), which is the world's largest Bitcoin fund.

Grayscale has been one of the most vocal proponents of Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In October 2021, Grayscale filed an application with the SEC to convert GBTC into a spot Bitcoin ETF. If approved, the Grayscale Bitcoin ETF would be the first spot Bitcoin ETF in the United States.

VanEck

VanEck is a global investment management firm with over $50 billion in assets under management. The company was founded in 1955 and is headquartered in New York City. VanEck offers a variety of investment products, including ETFs, mutual funds, and closed-end funds.

VanEck has been a strong advocate for Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In August 2021, VanEck filed an application with the SEC to list a spot Bitcoin ETF. If approved, the VanEck Bitcoin ETF would be the second spot Bitcoin ETF in the United States.

WisdomTree

WisdomTree is an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager. The company was founded in 2006 and is headquartered in New York City. WisdomTree offers a variety of ETFs and ETPs, including ETFs that track commodities, currencies, and fixed income.

WisdomTree has been a vocal supporter of Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In November 2021, WisdomTree filed an application with the SEC to list a spot Bitcoin ETF. If approved, the WisdomTree Bitcoin ETF would be the third spot Bitcoin ETF in the United States.

Fidelity Investments

Fidelity Investments is a leading provider of financial services, including investment management, retirement planning, and brokerage services. The company was founded in 1946 and is headquartered in Boston, Massachusetts. Fidelity has over $4.2 trillion in assets under management.

Fidelity has been a strong supporter of Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In October 2021, Fidelity filed an application with the SEC to list a spot Bitcoin ETF. If approved, the Fidelity Bitcoin ETF would be the fourth spot Bitcoin ETF in the United States.

Invesco

Invesco is an independent investment management firm with over $1 trillion in assets under management. The company was founded in 1935 and is headquartered in Atlanta, Georgia. Invesco offers a variety of investment products, including ETFs, mutual funds, and closed-end funds.

Invesco has been a vocal supporter of Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In November 2021, Invesco filed an application with the SEC to list a spot Bitcoin ETF. If approved, the Invesco Bitcoin ETF would be the fifth spot Bitcoin ETF in the United States.

Galaxy Digital

Galaxy Digital is a digital asset investment firm founded by Mike Novogratz in 2018. The company is headquartered in New York City and has offices in London, Tokyo, and Hong Kong. Galaxy Digital offers a variety of digital asset products, including the Galaxy Bitcoin Fund (GBF), which is a publicly traded Bitcoin fund.

Galaxy Digital has been a strong advocate for Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In October 2021, Galaxy Digital filed an application with the SEC to list a spot Bitcoin ETF. If approved, the Galaxy Digital Bitcoin ETF would be the sixth spot Bitcoin ETF in the United States.

Bitwise Asset Management

Bitwise Asset Management is a provider of digital asset index funds. The company was founded in 2017 and is headquartered in San Francisco, California. Bitwise offers a variety of digital asset index funds, including the Bitwise 10 Crypto Index Fund (BITW), which is a publicly traded fund that tracks the 10 largest cryptocurrencies by market capitalization.

Bitwise has been a vocal supporter of Bitcoin ETFs, and the company has been working with the SEC for years to get its ETF approved. In November 2021,