US Stock Market Update | Bitcoin-related stocks rise, Coinbase up over 4%
On Friday, Bitcoin-related stocks rose. As of the time of writing, MicroStrategy rose more than 3.5%, Coinbase rose more than 4%, Riot Platforms and Bit Digital rose more than 5%, and Marathon Digital rose more than 6%. Thirteen companies, including Grayscale, BlackRock, ARK, and Invesco, are applying to the U.S. Securities and Exchange Commission (SEC) to list Bitcoin ETF funds. According to industry executives, discussions between the SEC and asset management companies have entered a critical stage, indicating that the SEC is likely to approve the listing of these products soon. Insiders pointed out that the SEC is in contact with senior executives of the applicants to discuss practical details, including custody arrangements, ETF creation and redemption mechanisms, and so on.
Zhitong App learned that on Friday, Bitcoin-related stocks rose. As of the time of writing, MicroStrategy (MSTR.US) rose more than 3.5%, Coinbase (COIN.US) rose more than 4%, Riot Platforms (RIOT.US) and Bit Digital (BTBT.US) rose more than 5%, and Marathon Digital (MARA.US) rose more than 6%. Thirteen companies, including Grayscale, BlackRock, ARK, and Invesco, are applying to the U.S. Securities and Exchange Commission (SEC) for listing Bitcoin ETF funds. According to industry executives, discussions between the SEC and asset management companies have entered a critical stage, indicating that the SEC is likely to approve the listing of these products soon. Insiders pointed out that the SEC is in contact with senior executives of the applicants to discuss practical details, including custody arrangements, ETF creation and redemption mechanisms, and so on.