BitcoinWarrior

News and Education

Why Bitcoin-Related Stock Bitfarms Is Seeing Blue Skies

Bitfarms Ltd (NASDAQ: BITF) shares are trading higher by 9.5% to $1.12 going into Monday’s close. Shares of crypto and mining-related stocks are trading higher amid strength in Bitcoin after the apex cryptocurrency passed $31,000. Bitcoin’s current momentum is partly driven by positive expectations for a spot ETF. Both BlackRock and Fidelity have made changes to their ETF submissions, and Grayscale has filed to list its Bitcoin Trust shares on NYSE Arca, signaling their intention to transition the trust into a spot Bitcoin ETF. Why This Matters To Bitfarms Investors Bitfarms is a cryptocurrenc…