Crypto-Related Stocks Are Trading Up To 4% Higher Premarket As Ethereum Gains 22% Amid Rising ETF Approval Odds
Portfolio Pulse from Pooja Rajkumari
Crypto-related stocks, including Marathon Digital Holdings, Riot Platforms, and Coinbase, are trading higher as Ethereum gains 22% amid rising odds of ETF approval. Analysts have increased the likelihood of a spot ETH ETF approval from 25% to 75%, leading to a market rally.
May 21, 2024 | 11:48 am
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POSITIVE IMPACT
Coinbase Global is trading 3.69% higher in the pre-market due to increased optimism about the approval of a spot Ethereum ETF.
The potential approval of a spot Ethereum ETF has boosted market confidence, leading to gains in crypto-related stocks like Coinbase Global.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marathon Digital Holdings is trading 0.67% higher in the pre-market due to optimism surrounding the potential approval of a spot Ethereum ETF.
The potential approval of a spot Ethereum ETF has increased market optimism, positively impacting crypto-related stocks like Marathon Digital Holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Riot Platforms is trading 1.82% higher in the pre-market as the likelihood of a spot Ethereum ETF approval rises.
Increased chances of a spot Ethereum ETF approval have led to a positive market sentiment, benefiting crypto-related stocks like Riot Platforms.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80