Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) shares are trading higher Friday as Bitcoin (CRYPTO: BTC) topped the $30,000 mark for the first time since August.
The Details:
Shares of MARA are up by more than 5%, and RIOT shares are up nearly 4% Friday as excitement surrounding the potential approval of a spot Bitcoin ETF approval builds.
Bitcoin is trading just under $30,000 after breaching the mark and reaching $30,024.42 earlier Friday.
Earlier this week, Blackrock and Fidelity made amendments to their spot Bitcoin ETF filings, and Grayscale submitted an S-3 filing on similar approval pursuits.
Both Marathon Digital and Riot Platforms have significant short interest in the stocks. According to data from Benzinga Pro, 25.1% of MARA shares and 16.91% of RIOT shares are being sold short.
Retail investors are watching both companies, with the stocks ranking high on Yahoo Finance’s trending tickers list on Friday.
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MARA, RIOT Price Action: According to data from Benzinga Pro, Marathon Digital Holdings shares are up 4.6 % at $8.06 and Riot Platforms shares are up 3.97% at $9.17 at the time of publication.
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