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Purpose Investments to Launch First XRP ETF in Canada

Following its previous successes with Bitcoin and Ethereum ETFs, asset manager Purpose Investments filed a preliminary prospectus with Canadian securities regulators on Thursday. The filing intended to launch what would become the world’s first XRP ETF in Canada and provide…

Grayscale Launches Bitcoin Mining ETF on NYSE Arca

Grayscale Investments launched the Grayscale Bitcoin Miners exchange-traded fund (MNRS) on NYSE Arca on Thursday, providing investors with another way to gain exposure to Bitcoin mining firms. Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS) ⛏ $MNRS offers investors targeted,…

Bitmain co-founder’s AI chip venture blacklisted by US

The U.S. has added Sophgo Technologies, the AI chip firm owned by Bitmain co-founder Zhan Ketuan, to its trade blacklist. The U.S. has blacklisted Sophgo Technologies, the AI chip company founded by Bitmain co-founder Zhan Ketuan, over concerns its chips…

Russian power grid titan eyes Bitcoin mining ventures

Rosseti, Russia’s largest power grid operator, is exploring crypto mining operations at its underutilized power centers and aims to become a coordinator for mining infrastructure deployment across the country, according to state news agency TASS. “The Rosseti Group is the…