5 Bitcoin Stocks to Watch Today: IShares Bitcoin Trust (IBIT), MARA, CLSK, RIOT, CORZ

iShares Bitcoin Trust, MARA, CleanSpark, Riot Platforms, and Core Scientific are the five Bitcoin stocks to watch today, according to MarketBeat's stock screener tool.

In today's rapidly evolving cryptocurrency landscape, investors are keenly interested in exploring the best Bitcoin stocks to keep a close eye on. These stocks represent shares of publicly listed companies actively engaged in Bitcoin-related activities, encompassing mining, trading, or providing advanced blockchain technology solutions.

Through investing in these companies' stocks, investors gain indirect exposure to the fluctuations in Bitcoin's price and broader cryptocurrency market trends. Moreover, these companies' stock performance also reflects the operational efficiency and success of the companies themselves in handling their cryptocurrency-related ventures.

Earlier this week, we examined five of the hottest Bitcoin stocks based on the highest dollar trading volume.

5 Hot Bitcoin Stocks Right Now

iShares Bitcoin Trust (NYSE:IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange traded fund that lit on January 5th, 2024 and is issued by BlackRock. The fund mainly invests in long btc, short usd currency. The fund is passively managed and attempts to track the spot price of Bitcoin.

iShares Bitcoin Trust (NYSE:IBIT) - The largest Bitcoin ETF in the U.S.

iShares Bitcoin Trust (NYSE:IBIT) - The largest Bitcoin ETF in the U.S.

The IShares Bitcoin Trust (NYSE:IBIT) is an exchange traded fund that lit on January 5th, 2024 and is issued by BlackRock. The fund mainly invests in long btc, short usd currency. The fund is passively managed and attempts to track the spot price of Bitcoin.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust (NYSE:IBIT) is an exchange traded fund that lit on January 5th, 2024 and is issued by BlackRock. The fund mainly invests in long btc, short usd currency. The fund is passively managed and attempts to track the spot price of Bitcoin.

The world’s largest asset manager, BlackRock (NYSE:BLK) recently applied to launch a bitcoin ETF, despite the U.S. Securities and Exchange Commission (SEC) previously rejecting similar applications from other firms.

The SEC has faced criticism for allegedly delaying its decision on bitcoin ETFs. However, the regulator has now quickly approved BlackRock’s application for an ETF that tracks the price of bitcoin futures.

The SEC’s approval of BlackRock’s application comes amid a broader shift in regulators’ stance on cryptocurrencies. In June, the U.S. Supreme Court ruled that an offshore gambling platform was not immune from claims made under U.S. law.

Earlier this week, the SEC sued cryptocurrency exchange Binance and its CEO Changpeng Zhao for allegedly defrauding investors. The regulator also sued Coinbase (NASDAQ:COIN) Global, the largest U.S. cryptocurrency exchange, for operating without proper registration.

Despite the SEC’s lawsuits, the prices of major cryptocurrencies rose on Friday. Bitcoin was trading at around $47,334.5 by 08:58 ET (12:58 GMT), up 0.40%. Ether rose 0.27%, while Litecoin showed a larger gain of 0.87%.

The cryptocurrency market has faced a challenging period this year due to several bankruptcies among crypto firms and the U.S. government’s crackdown on the industry.

Earlier this week, a judge ruled that the crypto asset XRP is not a security.

In other news, the euro fell on Friday as traders focused on the U.S. economic data and the potential impact on the Federal Reserve’s interest rates.

The dollar index, which measures the greenback against six major currencies, rose by 0.1%. The U.S. currency had risen sharply on Thursday after data showed that the U.S. economy grew faster than initially thought in the second quarter.

Moreover, jobless claims fell last week, indicating a strong labor market. This could provide the Fed with more leeway to keep interest rates high for longer.

The U.S. economic data will be closely watched as it could influence the Fed’s next move. Economists polled by Reuters expect the central bank to maintain the current interest rate at the upcoming meeting next week.

Markets are currently pricing in a 40% chance of a rate hike by November, according to CME Group’s FedWatch tool.

In the meantime, traders are awaiting the preliminary reading of the S&P Global composite final purchasing managers’ index (PMI) for the eurozone in July. Economists polled by Reuters expect a slight decline from the flash reading of 49.9. A figure below 50 indicates a contraction in activity.

MARA (NYSE:MARA)

MARA stock traded