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The price is Bitcoin It was near $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the cryptocurrency industry.
Bitcoin rose more than 9% last week ether Up about 7%. Other popular coins have also gained, with Solana up nearly 10% in the past seven days and Dogecoin up 15%.
Those gains have been transferred to crypto-linked stocks. Digital asset exchange Coin library It rose nearly 7% on Wednesday, taking its three-day gain to 19%. The stock is currently trading at its highest level since August.
bitcoin miner marathon digital and Anti-riot platform It was also higher on Wednesday.
Bitcoin and Coinbase moved higher last week.
One reason why Bitcoin is up 53% so far this year is that a slew of new spot Bitcoin exchange-traded funds launched in January, ushering in a new group of investors. The Ethereum ETF followed in July.
Samara Cohen, chief investment officer, ETF and index investing BlackRockrecently told CNBC that 80% of its buyers iShares Bitcoin Trust (IBIT) is a direct investor. She said 75% of them had never owned a BlackRock ETF.
“We embarked on this journey with the expectation that we would need to educate ETF investors about cryptocurrencies and Bitcoin,” Cohen said. “As it turns out, we educated crypto investors a lot about the benefits of ETP wrappers. ”
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