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Coinbase shares rise 7% as Grayscale ETF ruling takes effect - TL;DR CNBC

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

Tickers: COINMSTRGBTC

Keywords: fintechgrayscale bitcoin trust (btc)cryptocurrency exchangesmicrostrategy incinvestment strategytechnologybreaking news: technologyexchange-traded fundscoinbase global inccryptocurrencyproducts and servicesbusiness news

Source: https://www.cnbc.com/2023/10/24/coinbase-stock-up-14percent-with-grayscale-etf-ruling-court-deadline-loom.html


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