Bitcoin mining CEO calls ETF 'great entry point' for crypto

01/11/2024 00:35
Bitcoin mining CEO calls ETF 'great entry point' for crypto

After a false report on Tuesday, crypto bulls and investment firms await the Securities and Exchange Commission's (SEC) ultimate decision on Wednesday over whether to approve issuances of a spot bitcoin ETF. Crypto companies, such as low-emission bitcoin miner CleanSpark (CLSK), are excited about the accessibility aspects a bitcoin ETF could offer for retail investors and institutional firms. CleanSpark CEO Zach Bradford joins Yahoo Finance Live to discuss the entryway into crypto a bitcoin ETF would provide, and crypto events that offer more opportunities for bitcoin miners. "There's a lot of institutional capital that's been sidelined due to the risks around it," Bradford says. "And the ETFs have now put up a system where they're going to hold it, they're going to manage some of those immediate risks around holding and custody of the bitcoin themselves." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

After a false report on Tuesday, crypto bulls and investment firms await the Securities and Exchange Commission's (SEC) ultimate decision on Wednesday over whether to approve issuances of a spot bitcoin ETF.

Crypto companies, such as low-emission bitcoin miner CleanSpark (CLSK), are excited about the accessibility aspects a bitcoin ETF could offer for retail investors and institutional firms.

CleanSpark CEO Zach Bradford joins Yahoo Finance Live to discuss the entryway into crypto a bitcoin ETF would provide, and crypto events that offer more opportunities for bitcoin miners.

"There's a lot of institutional capital that's been sidelined due to the risks around it," Bradford says. "And the ETFs have now put up a system where they're going to hold it, they're going to manage some of those immediate risks around holding and custody of the bitcoin themselves."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

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