By: Brad Smith and Seana Smith
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.”
