Crypto stocks are on the rise Thursday as investors in the space prepare for a decision from the U.S. Securities and Exchange Commission (SEC) concerning a spot Bitcoin (BTC-USD) exchange-traded fund (ETF).
According to reports, that spot Bitcoin ETF could get approval as soon as tomorrow. That would be days in advance compared to the deadline of Jan. 10. This also has crypto stock traders pumping up shares in excitement.
Considering Bitcoin is the biggest name in crypto, it makes sense that any positive news about the coin could cause crypto stocks to rally. Adding to that is the crypto bouncing back from a couple of rough years. That saw its value surge more than 150% in 2023.
Let’s check in on some crypto stocks below and see how they are responding to the spot Bitcoin ETF news.
Crypto Stocks Up Today
- Crypto exchange Coinbase (NASDAQ:COIN) starts off our coverage with a 3.8% gain as of Thursday morning.
- Next is crypto mining company Marathon Digital (NASDAQ:MARA) and its 6.5% increase this morning.
- Riot Platforms (NASDAQ:RIOT) is reaping the benefits of this news with a 5% rally today.
- Hut 8 (NASDAQ:HUT) is also rising higher today with a 3.7% jump on Thursday.
- Hive Digital Technologies (NASDAQ:HIVE) is another crypto company up today with a 4.2% climb.
Investors seeking out more of the hottest stock market stories for Thursday are going to want to keep reading!
We have all of the latest stock market news traders need to know about today! A few examples include why shares of Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA) and Mullen Automotive (NASDAQ:MULN) stock are moving today. You can catch up on these matters at the following links!
More Thursday Stock Market News
- Mark Zuckerberg Just Took Some Profits in META Stock. Should You?
- Cathie Wood Is Buying Up Tesla (TSLA) Stock
- MULN Stock: Mullen Invoices for $9 Million in Class 3 EV Deliveries in 2023
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
