Coinbase shares rise 7% as Grayscale ETF ruling takes effect
Publishing timestamp: 2023-10-24 12:28:04
Summary
Coinbase shares surged 7% as investors were optimistic about the court ruling in a Bitcoin spot ETF case. Grayscale Bitcoin Trust and MicroStrategy also saw gains. Coinbase is due to submit its final answer to the SEC's response to its motion to dismiss. The article discusses the ongoing tussle with the SEC and the impact on share prices of crypto-exposed companies.
Sentiment: MIXED
Keywords: fintech, grayscale bitcoin trust (btc), cryptocurrency exchanges, microstrategy inc, investment strategy, technology, breaking news: technology, exchange-traded funds, coinbase global inc, cryptocurrency, products and services, business news,