Geopolitics Alpha

US Treasury sanctions eight Canadian crypto-linked firms

Published . Updated .

Key takeaways

  • The US Treasury has sanctioned eight Canadian firms accused of moving funds for Iran-linked entities through digital assets.
  • Exposed: IBIT, EWC, COIN, MSTR, MARA
  • Market reaction: price tracking starts with the next trading session.

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US Treasury sanctions eight Canadian crypto-linked firms

The US Treasury has sanctioned eight Canadian firms accused of moving funds for Iran-linked entities through digital assets.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-8.0% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.

  • EWC iShares MSCI Canada ETF+0.9% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).

  • COIN Coinbase Global-29.8% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • MSTR Strategy-16.4% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • MARA MARA Holdings-7.6% 5d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • RIOT Riot Platforms-22.7% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT+1.12%+5.69%baseafter closeafter closeafter closeafter close
EWC+1.43%+3.07%baseafter closeafter closeafter closeafter close
COIN+2.28%+12.47%baseafter closeafter closeafter closeafter close
MSTR+1.36%+10.45%baseafter closeafter closeafter closeafter close
MARA+1.34%+8.43%baseafter closeafter closeafter closeafter close
RIOT-29.17%-7.90%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

US Treasury sanctions eight Canadian crypto-linked firms grafa.com

Source: grafa.com

The price since 8 Nov 2026: iShares Bitcoin Trust ETF (IBIT) versus the S&P 500

CompanyWhenMoveStatus
Coinbase Global (COIN)three days earlier+12.47%final price
Coinbase Global (COIN)five days earlier+2.28%final price
Ishares Msci Canada Etf (EWC)three days earlier+3.07%final price
Ishares Msci Canada Etf (EWC)five days earlier+1.43%final price
iShares Bitcoin Trust ETF (IBIT)three days earlier+5.69%final price
iShares Bitcoin Trust ETF (IBIT)five days earlier+1.12%final price
MARA Holdings (MARA)three days earlier+8.43%final price
MARA Holdings (MARA)five days earlier+1.34%final price
Strategy (MSTR)three days earlier+10.45%final price
Strategy (MSTR)five days earlier+1.36%final price
Riot Platforms (RIOT)three days earlier-7.90%final price
Riot Platforms (RIOT)five days earlier-29.17%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “US Treasury sanctions eight Canadian crypto-linked firms”

Companies carried with this story

  • IBIT iShares Bitcoin Trust ETF

    In “US Treasury sanctions eight Canadian crypto-linked firms,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story

  • EWC Ishares Msci Canada Etf

    In “US Treasury sanctions eight Canadian crypto-linked firms,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)

  • COIN Coinbase Global

    In “US Treasury sanctions eight Canadian crypto-linked firms,” Coinbase Global (COIN) is linked, with no stored direction, medium confidence. Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • MSTR Strategy

    Strategy (MSTR) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “US Treasury sanctions eight Canadian crypto-linked firms.” Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • MARA MARA Holdings

    In “US Treasury sanctions eight Canadian crypto-linked firms,” MARA Holdings (MARA) is linked, with no stored direction, medium confidence. Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • RIOT Riot Platforms

    In “US Treasury sanctions eight Canadian crypto-linked firms,” Riot Platforms (RIOT) is linked, with no stored direction, medium confidence. Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

How “US Treasury sanctions eight Canadian crypto-linked firms” reaches iShares Bitcoin Trust ETF (IBIT)

The 8 Nov 2026 story “US Treasury sanctions eight Canadian crypto-linked firms” names iShares Bitcoin Trust ETF (IBIT) because of this story.

For iShares Bitcoin Trust ETF (IBIT), the reason on file says iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story

A second company, Ishares Msci Canada Etf (EWC), is listed for a different reason: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)

Price levels for iShares Bitcoin Trust ETF (IBIT)

COIN traded between 131.62 and 185.47 across 20 sessions. The latest close on file is 134.69. EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 60.20. IBIT traded between 43.03 and 48.07 across 20 sessions. The latest close on file is 44.03.

How solid “US Treasury sanctions eight Canadian crypto-linked firms” looks

54 out of 100

“US Treasury sanctions eight Canadian crypto-linked firms” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.