From Nasdaq:

The year started strong with stocks rallying and the S&P 500 reaching a record high. The SEC approved several spot Bitcoin exchange-traded funds (ETFs) offered by financial institutions like Ark Invest and BlackRock. SoFi Technologies has become a unique option for these funds, despite shutting down its crypto offering a month ago. The company’s digital banking platform supports spot Bitcoin ETFs, benefiting from an anticipated increase in trading activity and new customer acquisition. Additionally, SoFi stock, currently down 25% since its IPO, offers potential investment opportunities given the recent approval of spot Bitcoin ETFs.



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