Cango Stock Jumps 14% After Inclusion In Bitwise Bitcoin Standard ETF

(RTTNews) - Cango Inc. (CANG) is trading at $4.32, up 14.28 percent or $0.54 during Monday's trading, following its inclusion in the Bitwise Bitcoin Standard Corporations ETF.

The stock opened at $3.92 and has traded between $3.91 and $4.71 so far, compared to a previous close of $3.78 on the New York Stock Exchange. Trading volume is at 742,622 shares, surpassing the average volume of 654,739. The stock's 52-week range is $1.32 to $9.66.

The ETF, launched by Bitwise Asset Management on March 11, tracks companies holding at least 1,000 Bitcoins on their balance sheets.