Bitcoin-related stocks and funds rose on Tuesday, as the cryptocurrency's price rose above $57,000 to the highest level seen since hitting an all-time high in November 2021.
The largest cryptocurrency BTCUSD,
It is trading at just a 17% discount from its record high of $68,990 reached 27 months ago, according to CoinDesk data.
is reading: Bitcoin is less than 20% away from its record high. Here's what's driving its latest surge.
Cryptocurrency exchange for Coinbase Global Inc.COIN shares,
They rose 2.5% Tuesday afternoon to about $198.91, according to FactSet data. MicroStrategy MSTR, Inc.
One of the largest publicly traded holders of bitcoin, it saw its shares rise 11% to $884.32.
All 10 spot Bitcoin ETFs were also trading higher on Tuesday afternoon. Shares of 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. The ARK 21Shares Bitcoin ETF ARKB rose 5.3% to $57.42, and the 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 added 5.2% to $61.03; Franklin Bitcoin ETF EZBC advanced 5.5% to $33.40; Valkyrie Bitcoin Fund BRRR rose 5.2% to $16.26.
The Bitwise Bitcoin ETF BITB rose 4.8% to $31.18, and the Invesco Galaxy Bitcoin ETF BTCO advanced 5% to $57.27.
Bitcoin miners saw a mixed performance on Tuesday. Marathon Digital Holdings, Inc. Mara,
rose 3.6% to $30.19 on Tuesday, while Ebang International Holdings Inc. EBON,
It fell 0.1% to $10.44. Riot Platforms Inc. RIOT,
It fell 3.3% to $16.80, according to FactSet data.
