Coin Edition
2023-11-28 12:16:00

“ETFs Like Blackrock” Are Responsible for BTC Mining Hash Rate Surge: Expert

Recently, the creator of the Bitcoin Stock-to-Flow (S2F) model, known by the X username “PlanB,” shared insights into Bitcoin’s surging mining hash rate, arguing the involvement of significant asset managers like BlackRock. According to PlanB, financial institutions seeking Bitcoin exchange-traded funds (ETFs), such as BlackRock, are adopting a front-loading acquisition strategy. He claimed these institutional The post “ETFs Like Blackrock” Are Responsible for BTC Mining Hash Rate Surge: Expert appeared first on Coin Edition .

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