With the likelihood of institutional capital flowing into the Bitcoin ecosystem through ETFs, companies and executives are rethinking business strategies for 2024.
With the prospect of institutional capital flowing into the Bitcoin ecosystem through exchange-traded funds (ETFs), companies and executives are revamping their business strategies for 2024.
Bitcoin mining company CleanSpark, for instance, has disclosed plans for an in-house trading desk, which means it will have its own team managing and trading its large Bitcoin (BTC) holdings instead of relying on external brokers or financial firms.
The approach could reduce the costs associated with trading while encouraging more miners to set up trading desks and capitalize on their holdings. Marathon Digital Holdings used a similar strategy with crypto derivatives, primarily selling BTC call options, according to Bloomberg.
