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.
