**Crypto Biz Weekly Update**

Wealth advisers are flocking to Bitcoin ETFs at an unprecedented rate, according to Matt Hougan of Bitwise. Financial advisers, including giants like Morgan Stanley, are driving this surge. Notably, BlackRock’s iShares Bitcoin Trust ETF has already attracted $1.45 billion from wealth managers.

In other news, State Street and Galaxy Asset Management have launched three new crypto ETFs to offer diversified blockchain exposure. These include the SPDR Galaxy Digital Asset Ecosystem ETF and others aimed at capitalizing on Web3 growth.

Meanwhile, CleanSpark has acquired seven mining sites in Tennessee, boosting its hashrate by 22%. The $27.5 million deal is set to close by Sept. 25.

Bitfarms has postponed its shareholders' meeting to Nov. 6 amid demands from Riot Platforms for board changes, including appointing Ben Gagnon as CEO.

Lastly, Standard Chartered has launched crypto custody services in the UAE, starting with Bitcoin and Ether, following approval from the Dubai Financial Services Authority. The bank plans to expand its offerings to more crypto assets.