The US bitcoin mining CleanSpark has secured a $100 million Bitcoin-backed credit facility from Coinbase Prime—leveraging its crypto reserves to fuel aggressive expansion without shareholder dilution. The deal marks a maturing moment for crypto-backed structured finance and signals growing institutional confidence in Bitcoin as collateral.
BlackRock, one of the world's largest asset management firms, has taken its initial steps towards introducing a bitcoin exchange-traded fund (ETF). On Thursday, the company submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch the iShares Bitcoin Trust. If approved, this ETF would provide investors with convenient access to cryptocurrency through a product offered by one of Wall Street's largest companies.