On the August 29th trading session, the stock value of one of the leading cryptocurrency exchanges — Coinbase — garnered significant attention. During this session, the price of COIN-NASDAQ experienced a remarkable upswing of almost 15% within a span of just one day.
This notable increase in the stock price of COIN was triggered by reports indicating that a federal judge ruled favorably for Grayscale in its legal clash with the United States Securities and Exchange Commission.
Investors were jubilant over the remarkable 15% surge during the closing moments of Tuesday’s trading session, pushing the share price up to $85.13 on August 28th. However, as of the current moment, according to Google Finance, the price of COIN shares stands at $83.8.
In the United States, the avenue for everyday individuals to conveniently invest in Bitcoin via an ETF remains inaccessible. Coinbase might assume the responsibility of ensuring security and exchanging information with other firms that are keen on providing this investment vehicle.
Also Read: Bloomberg Experts Predict 75% Probability of Bitcoin ETF Approval in 2023
