Crypto stocks slip as US SEC says bitcoin ETFs not yet approved

Silvergate Capital

10/01/2024 09:42

** Shares of cryptocurrency and blockchain-related companies
fall in premarket trading 
    ** U.S. SEC says it is yet to approve spot bitcoin ETFs and
its account on X, the platform formerly known as Twitter, had
been compromised
    ** An unknown party briefly accessed the regulator's account
on Tuesday and posted a fake message saying it had approved
exchange-traded funds (ETF) for bitcoin
    ** Bitcoin  BTC=BTSP , the world's biggest cryptocurrency,
briefly moved higher after the social media post, but was last
down 1.2% at $45,593
    ** BTC has rallied over 155% in 2023 and is up 7.8% so far
this year on optimism around regulatory approval for spot
bitcoin ETFs
    ** Ether  ETH=BTSP  rises 2.8% to $2,413.4
    ** Crypto exchange Coinbase Global  COIN.O  falls 1%, while
Blockchain farm operator Bitfarms Ltd  BITF.O  sheds 3.8%
    ** Crypto miners Riot Platforms Inc  RIOT.O  Marathon
Digital  MARA.O , Hut 8 Mining  HUT.O , Bit Digital  BTBT.O 
down 1.9% between 2.6%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O 
declines 2.4%
    ** ProShares Bitcoin Strategy ETF  BITO.P  falls 2.5%
    **MVIS CryptoCompare Digital Assets 100 Index  .MVDA  has
added 4.5% so far this year after a 106% jump in 2023

 (Reporting by Amruta Khandekar in Bengaluru)
 ((Amruta.Khandekar@thomsonreuters.com))