For this week’s news episode, Jacquelyn dove back into the latest developments on spot bitcoin ETF applications in the U.S. as anticipation builds. 

Fred Thiel, the CEO of Marathon Digital Holdings, a digital asset technology company and largest publicly traded bitcoin mining firm, joined to help break down the latest developments on spot bitcoin ETFs. 

As it stands, there’s 14 asset management firms including BlackRock, Fidelity, Grayscale and VanEck, hoping to individually win approval from the U.S. Securities and Exchange Commission for their spot bitcoin ETFs. And some reports are now saying it might happen soon given the frequent meetings and updated filings in recent weeks. 

We also discussed what a spot bitcoin ETF could mean for investors, institutions and miners, as well as bitcoin’s price. 

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.