Shares of several crypto-related stocks are trading higher following a report suggesting the US federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks are trading higher following a report that the US federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application.
August 29, 2023 | 2:37 pm
News sentiment analysis
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POSITIVE IMPACT
ARBK's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, ARBK is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
BTBT's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, BTBT is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
BTOG's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, BTOG is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
CAN's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, CAN is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
CIFR's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, CIFR is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
CLSK's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, CLSK is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
COIN's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, COIN is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
EBON's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, EBON is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
HIVE's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, HIVE is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
HUT's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, HUT is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MARA's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, MARA is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MSTR's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, MSTR is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
RIOT's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, RIOT is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SDIG's stock price may increase in the short term due to the positive news about Grayscale's bitcoin ETF.
As a crypto-related stock, SDIG is likely to be positively impacted by the news of the court ruling in favor of Grayscale's bitcoin ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50