With the first U.S. spot Bitcoin ETF seemingly in sight, it has seemed like the entire crypto industry is optimistic about how such a product could bolster Bitcoin’s legitimacy in the investing world, ignite institutional adoption, and send the price of BTC to the moon. 

For the most part, that includes Bitcoin mining firms—companies that run large computer fleets dedicated to securing the Bitcoin network and earning newly minted coins. However, a key fact about the current Bitcoin investing landscape may leave investors in mining firms a bit concerned. 

“We are optimistic about the ETFs, and there are indications it will be positive,” Isaac Holyoak, CleanSpark’s Chief Communications Officer, told Decrypt. Mining stocks, he noted, tend to inherit Bitcoin’s positive momentum during bullish periods.

Though Bitcoin itself is up over 100% this year, public mining stocks have averaged even stronger returns – alongside other BTC-adjacent firms. Until now, such companies have acted as regulated, more traditional leverage plays on BTC for investors in the absence of an ETF.

Yet therein lies the ru

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Author: Stacy Elliott

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