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Assessing Bitcoin Miners Ahead of 2024 Halving
Bitcoin is heading toward another halving in April 2024, an event that will bring with it significance for miners of the largest cryptocurrency. That means exchange traded funds, such as the Invesco Alerian Galaxy Crypto Economy ETF (SATO), are pertinent in the halving conversation as well. For its part, SATO is heavily allocated to bitcoin miners. That makes the fund one of the most relevant assets regarding halving. In simple terms, bitcoin halving makes it more difficult to mine the digital currency, thus reducing rewards to miners. In a recent note to clients, JPMorgan forecast that the Bitcoin Network Hash Rate ... (full story)