Bitcoin, Crypto Stocks Rise on First Spot Bitcoin ETF Trading Day -- WSJ

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Bitcoin, Crypto Stocks Rise on First Spot Bitcoin ETF Trading Day -- WSJ

Dow Jones01-11

By Vicky Ge Huang

Bitcoin and crypto stocks are rising in tandem Thursday, the first trading day of U.S. exchange-traded funds holding the largest digital currency.

Bitcoin surged nearly 9% in the past 24 hours to $48,871 Thursday morning, according to CoinDesk. Ether, the second-largest cryptocurrency by market value, jumped 12% to $2,675.

Crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, rose 3%. MicroStrategy, a bitcoin-buying software intelligence firm, was up 5%.

Bitcoin miners Marathon Digital and Riot Platforms soared 17% and 13%, respectively.

NOTE: In-line links reference additional content of interest chosen by the WSJ news team.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

January 11, 2024 09:57 ET (14:57 GMT)

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