Coinbase, MicroStrategy Shares Are Surging: What's Going On?

Coinbase, MicroStrategy Shares Are Surging: What's Going On?

Grand News Network / October 24, 2023 1:45 PM

Crypto-related stocks including Coinbase Global Inc (NYSE: COIN) and MicroStrategy Inc (NASDAQ: MSTR) are trading higher Tuesday as Bitcoin (CRYPTO: BTC) continues to rise on spot ETF optimism

What To Know: Bitcoin is up nearly 13% over the last 24 hours and more than 22% over the last week, as the world's largest cryptocurrency rides momentum surrounding a potential spot ETF. A spot ETF is expected to fuel demand and increase liquidity and is seen as bullish for the broader crypto space.

BlackRock and multiple other major U.S. financial firms recently made changes to their pending applications for spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust is ...

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