Bitcoin-related stocks and funds rose on Tuesday after the price of Bitcoin rose above $57,000, reaching its highest level since hitting an all-time high in November 2021.
The largest virtual currency BTCUSD,
The company is trading just 17% off its all-time high of $68,990 hit 27 months ago, according to CoinDesk data.
read: Bitcoin is less than 20% from its all-time high. Here's what's driving the recent rise:
Stocks COIN of virtual currency exchange Coinbase Global Inc.,
It rose 2.5% to about $198.91 Tuesday afternoon, according to FactSet data. MicroStrategy Inc. MSTR,
Shares of the company, one of the largest publicly traded holders of Bitcoin, rose 11% to $884.32.
All 10 publicly traded spot Bitcoin ETFs also rose on Tuesday afternoon. BlackRock's iShares Bitcoin Trust IBIT rose 5.5% to $32.84, while Grayscale Bitcoin Trust GBTC rose 5.3% to $51.20, according to FactSet data. ARK 21Shares Bitcoin ETF ARKB rose 5.3% to $57.42 and VanEck Bitcoin Trust HODL rose 5.5% to $65.12.
Fidelity Wise Origin Bitcoin Fund FBTC rose 5.2% to $50.19. WisdomTree Bitcoin Fund BTCW rose 5.2% to $61.03. Franklin Bitcoin ETF EZBC rose 5.5% to $33.40. Valkyrie Bitcoin Fund BRRR rose 5.2% to $16.26.
Bitwise Bitcoin ETF BITB rose 4.8% to $31.18, while Invesco Galaxy Bitcoin ETF BTCO rose 5% to $57.27.
Bitcoin miners had mixed performance on Tuesday. Marathon Digital Holdings Co., Ltd. MARA,
Eban International Holdings Inc. EBON rose 3.6% to $30.19 on Tuesday, while
The stock fell 0.1% to $10.44. Riot Platforms Inc. RIOT,
It fell 3.3% to $16.80, according to FactSet data.
