Shares of several miners and crypto-related stocks are trading lower amid volatility in the sector after the SEC approved the listing and trading of spot Bitcoin ETFs.
Portfolio Pulse from Benzinga Newsdesk
Shares of miners and crypto-related stocks are down due to volatility after the SEC approved spot Bitcoin ETFs.
January 11, 2024 | 5:33 pm
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NEGATIVE IMPACT
BITF shares are trading lower following SEC's approval of spot Bitcoin ETFs, adding volatility to the sector.
BITF, being a miner, is directly affected by the increased volatility in the crypto sector caused by regulatory changes.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BTCM's stock price is negatively impacted by the SEC's approval of spot Bitcoin ETFs, which has introduced additional volatility.
BTCM, as a crypto-related company, is experiencing a downturn due to the market's reaction to the SEC's regulatory decision.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BTDR shares are lower amid market volatility following the SEC's approval of Bitcoin ETFs.
BTDR's stock is affected by the SEC's decision, which has led to increased volatility in the crypto market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CAN's stock is trading lower due to the SEC's approval of spot Bitcoin ETFs, causing uncertainty in the crypto sector.
CAN, involved in crypto, is impacted by the SEC's regulatory actions, which have increased market volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN's shares are down following the SEC's decision to approve spot Bitcoin ETFs, contributing to sector volatility.
COIN, as a major player in the crypto exchange market, is facing a decline due to the SEC's recent ETF approval.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA's stock price is negatively impacted by the SEC's approval of spot Bitcoin ETFs, which has led to increased volatility.
MARA, a cryptocurrency miner, is directly affected by the SEC's decision, which has introduced more volatility into the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MSTR shares are trading lower as the SEC's approval of Bitcoin ETFs adds to the volatility in the crypto market.
MSTR, with significant Bitcoin holdings, is impacted by the SEC's regulatory decision, causing its stock to trade lower.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT's stock price has declined in response to the SEC's approval of spot Bitcoin ETFs, which has increased market volatility.
RIOT, a Bitcoin mining company, is experiencing a stock price drop due to the SEC's approval of Bitcoin ETFs, which has affected the entire sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WULF's stock is down following the SEC's approval of Bitcoin ETFs, adding to the volatility in the crypto market.
WULF, as part of the crypto industry, is negatively affected by the SEC's decision, which has led to increased market volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80