Crypto traders are celebrating right now, with Bitcoin (BTC-USD) reaching an 18-month high of $35,000. The main driver to this surge comes from expectations of the US regulators’ potential approval of spot Bitcoin ETFs. This represents one of the most important milestones for the crypto space. The speculation has propped up some of the other coins and high-risk crypto stocks involved in the mining of Bitcoin.
Crypto has been in a prolonged bear market since 2021. However, people are arguing that the approval of the spot Bitcoin ETFs may be the next sign of reversal after Ripple’s milestone case against the U.S. Securities and Exchange Commission after its multi-year legal battle with the agency. Speculators have been positively cheering that this can push the asset further and spark a bull run. While we still have to see how the market digests the approval if it happens, this can be a potential opportunity for high-risk crypto stocks if you do not want to hold the currency. Here are three high-risk crypto-related stocks that are worth checking out.
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