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The Crypto Business: Pursuing a Bitcoin ETF, Wall Street's Fresh Cryptocurrency Exchange, and Additional Developments

The Crypto Business: Pursuing a Bitcoin ETF, Wall Street’s Fresh Cryptocurrency Exchange, and Additional Developments

BlackRock’s recent application for a Bitcoin spot exchange-traded fund (ETF) in the United States has sparked a wave of new filings for similar products, with at least three investment firms seeking permission from the SEC to list their own ETFs. The move has renewed optimism for a Bitcoin ETF, although it remains unclear whether the SEC will approve any of the applications. Meanwhile, CleanSpark has acquired two Bitcoin mining facilities for $9.3 million, while Gemini plans to expand into the Asia-Pacific region.