Why Marathon Digital Holdings Stock Popped Today

Marathon Digital Holdings, Inc. MARA shares traded higher Monday after exchange operator Cboe refiled Bitcoin ETF proposals.

What To Know: Following Cboe's resubmission of an application with the SEC seeking approval for a Bitcoin ETF managed by Fidelity Investments Friday, shares experienced an increase in trading.

Cboe has expressed its intention to collaborate with Coinbase in order to prevent market manipulation during the ETF launch process, according to Reuters.

According to data from Benzinga Pro, MARA stock experienced above-average trading volume on Monday, at 42.74 million, as opposed to average volume of 37.99 million. There is also short interest in MARA with 24.68% of the shares being sold short.

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MARA Price Action: Shares of MARA closed Monday up 10.5% at $15.32, according to Benzinga Pro.

Image by Gerd Altmann from Pixabay