Bitcoin, Crypto Stocks Rise on First Spot Bitcoin ETF Trading Day -- WSJ
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.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .