Crypto stocks surge as Bitcoin at highest level since spot ETF launch
09/02/2024 11:43
** Shares of cryptocurrency- and blockchain-related
companies rise premarket after Bitcoin hits its highest level
since the launch of spot ETFs, tracking world's biggest
cryptocurrency
** Bitcoin BTC= up 3% at $46,713, its highest level in
nearly a month, while Ether ETH= rises 1.7% to $2467.80
** Crypto exchange Coinbase Global COIN.O rises 5.1%,
while Blockchain farm operator Bitfarms Ltd BITF.O up 6%
** Crypto miners Riot Platforms Inc RIOT.O , Marathon
Digital MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit
Digital BTBT.O up 7% to 12.7%
** Software firm and BTC buyer MicroStrategy MSTR.O gains
4.6%
** BTC mining machine makers Ebang International EBON.O
and Canaan Inc CAN.O up 5% and 11%, respectively
** ProShares Bitcoin Strategy ETF BITO.P adds 2.8%
** Up to Thursday's close, BTC had risen 10% YTD, compared
with a 7.1% increase in the MVIS CryptoCompare Digital Assets
100 Index .MVDA
(Reporting by Shubham Batra in Bengaluru)