Why CleanSpark Stock Rocketed 14% on Monday
Monday was a good day to be an investor in cryptocurrency stocks. CleanSpark (NASDAQ: CLSK), a Bitcoin miner, benefited not only from some encouraging news from a peer in its industry, but also from a business update it published. These twin factors sent CleanSpark's share price racing to close the day nearly 14% higher.
Optimism is in the air with cryptocurrency stocks, on news that Coinbase Global is partnering with securities exchange operator Cboe Global Markets on a spot Bitcoin exchange-traded fund (ETF) that would be managed by Fidelity.
This is the latest effort to get a Bitcoin ETF up and running; such attempts have pushed up the price of Bitcoin, and made associated assets more attractive. A miner like CleanSpark certainly falls into the "associated Bitcoin assets" category.
Source Fool.com
Coinbase Global Inc. Stock
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