Bitmine Climbs 6% as Ethereum Extends Rally After SEC Tokenization Order; Sharplink Rises 5%, Coinbase Jumps 6%

Crypto-linked equities are trading higher Monday morning as Ethereum (CRYPTO:ETH) extends a rally after a Securities and Exchange Commission (SEC) order opened a regulated pathway for tokenized U.S. stocks. Ethereum is at $2,727.39, up 5.7% over the trailing 24 hours.…

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Crypto-linked equities are trading higher Monday morning as Ethereum (CRYPTO:ETH) extends a rally after a Securities and Exchange Commission (SEC) order opened a regulated pathway for tokenized U.S. stocks. Ethereum is at $2,727.39, up 5.7% over the trailing 24 hours.

The bid sits inside the crypto complex rather than the wider tape. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $767.14, up 0.7%, while every crypto-linked equity in this note is climbing by several percent. Notably, the iShares Ethereum Trust ETF (NASDAQ:ETHA) is up 3.3% to $20.57 Monday morning.

Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) stock is at $27.42, up 6%, giving the largest publicly traded Ethereum treasury the most direct read-through in this group. Also gaining, SharpLink (NASDAQ:SBET) shares are at $9.80, up 5%, tracking the coin as a second Ethereum-treasury proxy. Meanwhile, Coinbase Global (NASDAQ:COIN) stock is at $205.12, up 6%, catching a separate bid from the tokenization rulebook itself.