Coverage of the regulated products and institutional balance sheets that now sit between traditional finance and Bitcoin.
Why the wrapper matters
An exchange-traded product gives an investor exposure to Bitcoin inside an account and a legal structure they already use. That convenience is the whole point — and it is also the trade-off, because the holder owns a claim rather than the coins themselves.
What we track here
- Creations and redemptions, which show whether the products are absorbing supply or releasing it.
- Custody arrangements: who actually holds the keys behind a given product.
- Fee competition between issuers, which has been fierce and matters over long holding periods.
- Corporate treasury policy at listed companies, including how holdings are accounted for.
Reporting here describes what issuers and filings say. It is not a recommendation to buy or sell any product.
