Bitcoin Plummets Below $42K: Coinbase (COIN) and Miners Take a Hit as Bitcoin ETF Craze Fizzles Out

Shares of Coinbase (COIN), the crypto exchange that provides vital custody services to most of the ETF issuers, lost 7.4% on Friday. Bitcoin miners Marathon Digital (MARA), Hut 8 (HUT) and Riot Platforms (RIOT) all sank at least 10%; Marathon fared worst, slumping 15%.