The Friday Focus: Issue 10
Bitcoin ETFs are once again in the spotlight, with SEC rejecting the second spot-based bitcoin ETF in one month, while Fidelity has launched an ETF in Canada. Some of the biggest market participants are active in the market, with both Microstrategy and El Salvador buying large amounts of bitcoin recently. Big deals continue being made in the industry, as a Citi veteran launches a $1.5b crypto fund, $3.3b bitcoin mining company Griid is to become publicly listed via a SPAC deal, Galaxy Digital raises $500m, and Crypto.com buys an exchange for $216m. The crypto-friendly CEO Jack Dorsey is to step down from his role at Twitter at the same time as his other company, Square, changes its name to Block to better reflect its bitcoin focus. The meta mania is definitely not over, as $106m of metaverse land was sold last week.