Crypto stocks advance after US SEC approves spot bitcoin ETFs

Silvergate Capital

11/01/2024 09:15

** Shares of cryptocurrency and blockchain-related companies
advance in premarket trading after U.S. securities regulator on
Wednesday approved the first U.S.-listed exchange traded funds
(ETFs) to track bitcoin
    ** Bitcoin  BTC= , the world's biggest cryptocurrency, gains
0.7% at $46,278.66, while Ether  ETH=  rises 3.6% to $2,617.9
    ** Crypto exchange Coinbase Global  COIN.O  advances 5.1%,
while Blockchain farm operator Bitfarms Ltd  BITF.O  up 9.3%
    ** 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 4.1% - 6.7%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O  gains
3.0% 
    ** BTC mining machine makers Ebang International  EBON.O 
and Canaan Inc  CAN.O  up 4.8% and 13.1%, respectively  
    ** ProShares Bitcoin Strategy ETF  BITO.K  adds 0.4%
    ** BTC rose more than 150% on yearly-basis in 2023; it is up
10.4% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))