RIOT - Crypto-Related Stocks Are Moving Lower: What's Going On? | Benzinga
Crypto-related stocks including Coinbase Global Inc (NASDAQ: COIN), Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Platforms Inc (NASDAQ: RIOT) are trading lower Wednesday following a head fake from the Securities and Exchange Commission regarding the approval of spot Bitcoin (CRYPTO: BTC) exchange-traded products.
What Happened: A post on X from the official account of the SEC indicating a spot bitcoin ETF had been approved made the rounds on social media shortly after the market close on Tuesday.
The tweet was quickly removed from the social platform and SEC chair Gary Gensler addressed the post, saying the SEC’s account ...