Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Shares in the digital asset technology company continued to rally this month, hitting an intraday high of $57.17 on 5 April, before closing at $56.56, up a further 28.1%.
According to ETF.com, circa 2.2 million Marathon Digital shares are held across nine ETFs in the US.
The launch of Marathon Digital’s mining pool comes as institutional interest in Bitcoin is accelerating.
Marathon Digital said it will begin directing 100% of its hash rate to the new mining pool on 1 May and has said that it will start accepting other US-based Bitcoin mining companies on 1 June.
The company’s mining team produced 196 new Bitcoins in the first quarter of 2021, increasing its holdings to circa 5,134.20.
According to data from Morningstar, cryptocurrencies were the best-performing asset class in the European ETF market during January and February.
No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research.
CMC Markets does not endorse or offer opinion on the trading strategies used by the author.
You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.