SEC Order Sparks Surge in Crypto-Linked Equities

The Securities and Exchange Commission (SEC) issued an order on September 17 that has boosted crypto-linked equities, including Bitmine and Coinbase. Ethereum extended its rally after the SEC opened a regulated pathway for tokenized U.S. stocks.

Ethereum is currently trading at $2,727.39, up 5.7% over the trailing 24 hours. The iShares Ethereum Trust ETF (NASDAQ:ETHA) has also seen an increase of 3.3% to $20.57.

Bitmine Immersion Technologies (NYSE:BMNR) stock is up 6%, with Coinbase Global (NASDAQ:COIN) also rising 6%. SharpLink shares have gained 5% and are tracking the Ethereum price.