Putin says that a surplus of electricity and well-trained personnel gives Russia a “competitive advantage” in crypto mining.
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Putin says that a surplus of electricity and well-trained personnel gives Russia a “competitive advantage” in crypto mining.
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The proposed ETF would invest at least 80% of its net assets in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining.
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Mining bitcoin without any help from a larger pool has become an increasingly-improbable feat over the last decade.
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“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical,” said the agency.
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