Bitcoin-related stocks and funds rose on Tuesday, as the cryptocurrency’s price climbed above $57,000 to the highest level seen since it hit an all-time high in November 2021.
The largest crypto
BTCUSD,
is trading just 17% off of its record high of $68,990 reached 27 months ago, according to CoinDesk data.
Read: Bitcoin is less than 20% away from its record high. Here’s what’s driving its latest rally.
Crypto exchange Coinbase Global Inc.’s shares
COIN,
were up 2.5% Tuesday afternoon to about $198.91, according to FactSet data. MicroStrategy Inc.
MSTR,
one of the largest publicly traded holders of bitcoin, saw its stock up 11% to $884.32.
All 10 listed spot bitcoin ETFs were also trading up Tuesday afternoon. BlackRock’s iShares Bitcoin Trust
IBIT
gained 5.5% to $32.84, while Grayscale Bitcoin Trust
GBTC
rose 5.3% to $51.20, according to FactSet data. The ARK 21Shares Bitcoin ETF
ARKB
increased 5.3% to $57.42, and the VanEck Bitcoin Trust
HODL
climbed 5.5% to $65.12.
The Fidelity Wise Origin Bitcoin Fund
FBTC
gained 5.2% to $50.19; the WisdomTree Bitcoin Fund
BTCW
added 5.2% to $61.03; the Franklin Bitcoin ETF
EZBC
advanced 5.5% to $33.40; and the Valkyrie Bitcoin Fund
BRRR
rose 5.2% to $16.26.
The Bitwise Bitcoin ETF
BITB
climbed 4.8% to $31.18, and the Invesco Galaxy Bitcoin ETF
BTCO
advanced 5% to $57.27.
Bitcoin miners were seeing mixed performance on Tuesday. Marathon Digital Holdings Inc.
MARA,
rose 3.6% to $30.19 on Tuesday, while Ebang International Holdings Inc.
EBON,
dipped 0.1% to $10.44. Riot Platforms Inc.
RIOT,
fell 3.3% to $16.80, according to FactSet data.
