The price of the shares of some large companies have risen substantially following Joe Biden’s recent announcement regarding digital assets. The US president has recently signed an order asking to immediately create favorable and safe conditions for the conduct of activities by crypto companies.
Following this movement, the share price of some large financial corporations increased significantly.
According to TradingView, the capitalization of the popular trading platform Coinbase grew by 10.5% at yesterday’s market close. At the same time, the shares of MicroStrategy, increased in price by 6.7%.
Among other things, exchange-traded funds associated with the blockchain have also experienced an increase. After Biden’s announcement, they have renewed their markets’ trust in digital assets. So, for example, the ProShares Bitcoin Strategy ETF fund grew by 10%. An almost similar situation has developed around the ETF fund Valkyrie Bitcoin Strategy, whose shares rose by 10.3%.