WGMI

Nasdaq Will List Valkyrie's Bitcoin Mining ETF On Feb. 8
By Namcios

Today is the day when the new bitcoin-linked ETF is set to launch. The Valkyrie Bitcoin Miners ETF received approval for listing on the Nasdaq exchange, according to a Monday filing with the Securities and Exchange Commission.

The new ETF launched under the witty ticker "WGMI," an abbreviation used often on Bitcoin Twitter meaning "We gonna make it," will have 80% or more of its assets invested in firms deriving at least half of their profit from bitcoin mining related activities. The reminder will consist of companies holding a significant portion of their net assets in bitcoin.

Even though the SEC has not yet allowed a listing of a spot bitcoin ETF, the addition of a bitcoin miners ETF signals the formalization of the growing infrastructure surrounding Bitcoin.

“An increased focus and desire to gain exposure to bitcoin miners from investors” - Leah Wald Valkyrie CEO

Jack Dorsey’s Cash App Integrates Bitcoin’s Lightning Network
By Namcios

Cash App announced last Monday that they have integrated Lightning, allowing their users to make instant bitcoin payments to anyone in the world. The integration was made possible by the Lightning Development Kit, an open-source project developed by Spiral, a subsidiary of Block.

Bitcoin’s adoption has grown exponentially thanks to the Lightning Network and El Salvador’s decision to make it legal tender in September. Cash App does not want to be left behind and now has a key role in the hyperbitcoinization process. CEO Jack Dorsey stated that having Cash App integrate Lightning through Spiral’s work was one of his proudest moments in his career.

📰 THE DAILY BITS

🔐 RISING INTEREST

Latest From Putin And Xi Suggests Growing Political Interest In Bitcoin
By Mike Hobart

Russia and China have been submerged in many tense political issues lately and both have been subjected to threats of economic sanctions. The most recent is related to Russia’s latest statement that confirms its support of China in its disputes with Taiwan. Just a few days ago, Russia’s president, Vladimir Putin, issued a letter that detailed ongoing trade between the two countries and mutually-beneficial infrastructure projects.

“We are consistently expanding settlements in national currencies and creating mechanisms to offset the negative impact of unilateral sanctions,” Putin wrote in his letter to the Chinese people. Mutual cooperation for energy production is also mentioned and not long ago, Vladimir Putin mentioned Russia's interest and advantages in bitcoin mining. Reading between the lines of such a letter, it doesn’t seem that far fetched to suggest a mutual interest in using bitcoin to minimize any possible sanctions.

📹 BITCOIN MAGAZINE LIVE

MEME OF THE DAY

🛒 BITCOIN MAGAZINE STORE