Shares of Coinbase and Robinhood saw a surge on Thursday as traders anticipated that the approval of bitcoin exchange-traded funds (ETFs) in the U.S. would drive up demand for these cryptocurrency trading platforms.
In premarket trading, both Coinbase and Robinhood experienced a 3.7% increase.
The Securities and Exchange Commission’s recent approval of rule changes, enabling the launch of bitcoin ETFs in the U.S., has been highly anticipated by investors in the crypto industry. This development is seen as a boost to the credibility of a previously volatile industry and asset class.
Source (CNBC)
