Shares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks including exchange Coinbase (COIN) and miner Marathon Digital (MARA), has fallen 67% this year, but risen 15% over the last week. Rising rates and recession fears have hurt global equity markets, especially stocks deemed to be riskier. The tech-heavy Nasdaq Composite Index has retreated about 25% year-to-date.
- Daiwa Securities Group Inc. Has $1.31 Million Stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)
- Weekend reads: Prepare for a big week — a crucial Federal Reserve decision, tech-company earnings and a GDP report