The number of mentions in different sources allows to view the event from different angles. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.īitcoin JP Morgan: the euphoria around Bitcoin ETFs is over - The Cryptonomist Send us the link to similar news on other source.Ĭitation indicates the significance of news. He served as the Company’s Chief Executive Officer from 2014 through October 2019 and has been involved in many capacities with several. In this episode, Mike Townsend sits down with Matthew Schultz, Chairman and Director of CleanSpark. The SEC is expected to give the green light to the Invesco Bitcoin Strategy ETF, the Galaxy Bitcoin Strategy ETF, and the AdvisorShares Managed Bitcoin ETF next month. Episode 283: Matthew Schultz, Chairman of CleanSpark Inc. It also allowed the Valkyrie Bitcoin Strategy ETF to begin trading on Friday. Last week, an SEC filing said that New York-based asset management firm VanEck’s Bitcoin Strategy ETF would start trading today. The project earlier today flipped the market cap of XRP, becoming the sixth-largest cryptocurrency in the world.īitcoin’s rise may continue as more crypto futures ETFs are set to start trading soon. It was trading at $218.73 at the time of writing, up 15.8% in 24 hours. Meanwhile, Dogecoin, a so-called meme coin that traders typically price pump on social media and mostly buy to make money quickly, was up 4.7% in the past 24 hours-trading at $0.26.Īnd Solana, an Ethereum competitor, has continued climbing. Ethereum, the second biggest cryptocurrency, was up 4% and trading at $4,171.36. He added that “endorsement by MasterCard of seems to be indicating broader acceptance as a transaction medium as well”-referring to the announcement today by the payments company that thousands of banks and merchants using its network would soon be able to integrate crypto into their systems.īitcoin is not the only digital asset to do well today, either. “With Secretary Yellen’s confirmation that inflation appears to be here to stay, Bitcoin seems to be catching steam as a hedge, and a safe store of value,” said Schultz. Some investors view Bitcoin as a safe investment to buy, just like gold, when inflation is on the up. Treasury secretary Janet Yellen yesterday said that there would be high inflation in the first half of 2022. Why? Matthew Schultz, the executive chairman of CleanSpark, an energy technology and clean Bitcoin mining company, told Decrypt that the asset’s rise today was related to people viewing the crypto as a good hedge against inflation.
But following the launch of the ETF, and once traders came down from the euphoria of the launch, the price of Bitcoin dipped to as low as $60,405 on Friday.īut today it’s back up again-although still 5% shy of its all-time high-and continuing to climb. This pushed the price of Bitcoin up following a trading frenzy. By the end of the trading day, it had done $1 billion-nearly breaking the record for a debuting ETF. The Bitcoin futures ETF (one that trades shares that represent contracts betting on the price of Bitcoin) by ProShares traded $280 million-worth of shares in 20 minutes. This was because the first Bitcoin-related exchange-traded fund (ETF) started trading on Wall Street-something investors and the crypto community had been eagerly anticipating for years (or at least, something close to it). The biggest cryptocurrency by market cap hit a new all-time high last week of $67,276.79.
For more information about the Company, please visit the Company's website at. Webcast URL available at: Participant Dial-in (Toll-free): 1-87ĭownloadable files, including transcripts, will be available on the company website within 48 hours after the event.ĬleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges. EST to discuss the results.ĬleanSpark Second Quarter FY2022 Financial Results The earnings release will be followed by an investor conference call at 4:30 p.m. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced it will release its second quarter financial results on May 10 after the U.S. LAS VEGAS, (GLOBE NEWSWIRE) - CleanSpark Inc.
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