01:38 PM EDT, 08/28/2025 (MT Newswires) -- Financial stocks edged higher in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each up 0.1%.

The Philadelphia Housing Index fell 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.6%.

Bitcoin (BTC-USD) gained 1.1% to $112,516, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.21%.

In corporate news, Gryphon Digital Mining ( GRYP ) is nearing the completion of its merger with American Bitcoin, with the combined company aiming to begin Nasdaq trading in early September under the ticker ABTC, Reuters reported, citing Hut 8 (HUT) Chief Executive Officer Asher Genoot, whose company holds an 80% stake in American Bitcoin. Gryphon shares jumped 20%, and Hut 8 gained 0.5%.