Coinbase Global Inc. shares were dropping about 2% in morning trading Friday after The Wall Street Journal reported that the Securities and Exchange...
Coinbase Global Inc. shares COIN were dropping about 2% in morning trading Friday after The Wall Street Journal reported that the Securities and Exchange Commission has deemed inadequate applications by BlockRock Inc. BLK , Fidelity and other asset managers for the introduction of spot bitcoin exchange-traded funds.
seen as a play on bitcoin due to its holdings in the cryptocurrency, were off 1.4% in Friday’s session, while bitcoin itself BTCUSD was down 1.4% as well.
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