Crypto stocks rise 3-4% after SEC approves digital securities
- —Coinbase +3%, Robinhood +3.6%, Strategy +3.9% on Friday
- —Securitize rose 9% after SEC approval
- —Circle, Riot, Galaxy Digital, Hut 8 gained 2-7%
- —Bitcoin rose despite a Fed rate hike
Why it matters: The SEC's approval of digital securities strengthens the link between crypto stocks and bitcoin and opens a new segment for investors.
Source: CoinCentral