Crypto-linked stocks dip as MSCI to remove Strategy from indices
BUZZ-Crypto-linked stocks dip as MSCI to remove Strategy from indices ** Cryptocurrency and blockchain-related stocks dip premarket as index operator MSCI to remove bitcoin hoarder Strategy MSTR.O from its global indices
** Lower bitcoin prices BTC= also weigh on stocks; BTC down 1.9% at $72,879.54, Ether ETH= down 2% at $2,026.81
** Crypto miner Bit Digital BTBT.O down 9.3%, one of the biggest decliners in the segment, also weighed down by Q3 revenue miss
** Riot Platforms RIOT.O, Mara Holdings MARA.O down 3% and 3.1%, respectively
** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O down more than 2% each
** Shares of American Bitcoin ABTC.O, backed by the two eldest sons of US President Donald Trump, decline 1.9%
** ABTC, majority-owned subsidiary of Hut 8 HUT.O, also down 3.1%
** Bitcoin hoarder MSTR down 6.2%, Circle Internet CRCL.N wobbles 3.8%
** Retail trading platform Robinhood Markets HOOD.O down 2.5%
** BTC mining machine maker Canaan CAN.O drops 4.3%
** As of last close, BTC down over 17% YTD, ETH down over 32%
(Reporting by Jayasree Prabhu)