Current Bitcoin ETF Filing Updates

Current Bitcoin ETF Filing Updates

These bitcoin ETFs are primed to come to market if the SEC gives the go-ahead.

Reviewed by: Sumit Roy & Dan Mika
Edited by: Sumit Roy & Dan Mika

[Editor's Note: This article originated on April 15, 2021 and is continually updated as new filings occur. See table below.]

Holding bitcoin has been an enriching experience for thousands of investors; unfortunately, not everyone has had easy access to the digital currency. While almost any U.S. investor can go out and open a Coinbase account to trade bitcoin, not everyone is comfortable doing so. Others may be restricted to buying and selling securities in their traditional brokerage accounts for various reasons.

That’s where a bitcoin ETF would come in handy. Unfortunately, no such bitcoin ETF exists in the U.S. Could that change?

Years Of Waiting

It’s been eight years since Cameron and Tyler Winklevoss submitted the first filing for a bitcoin ETF, the Winklevoss Bitcoin Trust. But the proposed fund was twice rejected by the Securities and Exchange Commission amid concerns about the risky nature of the nascent cryptocurrency market.

The ETF, which would have traded under the ticker symbol “COIN” (now claimed by crypto platform Coinbase), may be history, but the dream of a U.S.-listed bitcoin ETF never died.

For, in all those years since the Winklevoss filing, investors have been hoping for and anticipating a bitcoin ETF. There is still no guarantee one will actually get approved, but expectations for a successful launch have arguably never been higher.

Why The Time Is Right

There are a few reasons for that. One, the cryptocurrency ecosystem has matured a lot in the past few years. As of this writing, bitcoin has a market capitalization of more than $1.1 trillion; bitcoin futures have traded on the CME for over three years; and many reputable platforms, like PayPal and Fidelity, offer bitcoin trading and/or custody services.

Two, there have been a number of successful bitcoin ETF launches around the world—including Canada—suggesting that regulators may be coming around to the idea that cryptocurrencies are an investable asset class.

Third—and perhaps most importantly as it relates to a U.S.-listed bitcoin ETF—Gary Gensler, the new SEC chairman, is seemingly much more supportive of cryptocurrencies than his predecessor. Up until his nomination to be SEC chairman, Gensler taught classes on blockchain and cryptocurrencies at MIT.

Additionally, in 2019, he wrote that he was “intrigued by Satoshi’s innovation’s potential to spur change—either directly or indirectly as a catalyst.”

While that might not be an outright endorsement of bitcoin, it’s an open-mindedness that many believe will spur Gensler’s SEC to finally give the green light to a bitcoin ETF.

First To Launch

If that happens, the commission will have plenty of products to choose from. There are currently 12 active bitcoin ETF filings in the pipeline.

Any one of those products could potentially be the first to market, or as some have speculated, multiple products could be approved at the same time. There is also the multibillion-dollar Grayscale Bitcoin Trust (GBTC) waiting in the wings, a quasi-closed-end fund, whose issuer says it will convert to an ETF once it is allowed to do so.

See the table below for the current list of bitcoin ETF filings, which will be updated as new products enter the pipeline. The SEC is required to issue a formal approval or denial within 180 days of the initial filing, but can extend that timeline by an additional 60 days at its discretion.


FundIssuerFiling DateSEC FilingStatus
VanEck Commodities & Bitcoin Strategy ETFVanEck1/18/2022LinkEffective 4/3/2022*

VanEck Gold & Bitcoin Strategy ETF




Effective 3/2/2022*

Global X Blockchain & Bitcoin Strategy ETF

Global X



Launched 11/16/2021

Blockfi NB Bitcoin ETF




No rulemaking action as of 12/2/2021

AXS Bitcoin Strategy ETF

AXS Investments



Effective 1/10/2022*

Grayscale Bitcoin Trust




Accepting comments until 3/11/2022

Bitwise Bitcoin ETP Trust 




Due for final decision by 7/1/2022

BlockFi Bitcoin Strategy ETF




Effective 12/22/2021*

Invesco Galaxy Bitcoin ETF

Invesco Capital Management



No rulemaking action as of 12/2/2021

Valkyrie XBTO Bitcoin Futures Fund

Valkyrie Funds



Final decision due 12/8/2021

Ark 21Shares Bitcoin Futures Strategy21Shares10/13/2021Link

Effective 12/27/2021*

Bitwise Bitcoin Strategy ETFBitwise9/14/2021Link

Effective 12/22/2021*

AdvisorShares Managed Bitcoin ETF AdvisorShares8/20/2021Link

Effective 11/3/2021*

Galaxy Bitcoin Strategy ETFGalaxy Digital8/18/2021Link

Effective 10/31/2021*

Valkyrie Bitcoin Strategy ETF

Valkyrie Funds



Launched 10/22/2021

VanEck Bitcoin Strategy ETF




Launched 11/15/2021

ProShares Bitcoin Strategy ETF

ProShares Advisors



Launched 10/19/2021

Invesco Bitcoin Strategy ETF

Invesco Capital Management


Global X Bitcoin TrustGlobal X Digital Assets7/21/2021Link

Rejected on 3/10/2022

ARK 21Shares Bitcoin ETF21Shares6/28/2021Link

Rejected on 3/31/2022

One River Carbon Neutral Bitcoin TrustOne River Digital Asset Management5/24/2021Link

Rejected on 5/27/2022

Teucrium Bitcoin Futures FundTeucrium Trading5/20/2021Link


Galaxy Bitcoin ETFGalaxy Digital Capital Management4/12/2021Link

No rulemaking action as of 12/2/2021

Kryptoin Bitcoin ETF TrustKryptoin Investment Advisors4/9/2021Link

Rejected on 12/22/2021

Wise Origin Bitcoin TrustFD Funds Management 3/24/2021Link

Rejected on 1/27/2022

First Trust SkyBridge Bitcoin ETF TrustFirst Trust Advisors 3/19/2021Link

Rejected on 1/20/2022

WisdomTree Bitcoin TrustWisdomTree Digital Commodity Services




Rejected on 12/2/2021, amended application due for final decision by May 15, 2022

NYDIG Bitcoin ETFNYDIG Asset Management2/16/2021Link

Rejected on 3/10/2022

Valkyrie Bitcoin FundValkyrie Digital Assets 1/22/2021Link

Rejected on 12/22/2021

VanEck Bitcoin TrustVanEck Digital Assets12/30/2020Link

Rejected on 11/9/2021

*Funds with an asterisk in their status are futures-based bitcoin ETFs and are assumed to be preapproved for launch 75 days after filing under the 2019 ETF Rule.


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