BITO - Crypto stocks rise with bitcoin trading at new all-time highs
Crypto-related stocks are most trading in the green on Wednesday as bitcoin (BTC-USD) takes out April highs and makes a new all-time high, now standing at just over $66K. Bitcoin (BTC-USD +5.7%) is grinding higher so far intra-day, and returns nearly 50% on just a M/M basis, as well as +436% Y/Y, as per the chart below. Note that it wasn't long ago when bitcoin (BTC-USD) was trading at $30K in mid-July. Of course, the fresh milestone for BTC comes shortly after the ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) started trading on Tuesday with massive volume. On the other hand, ethereum (ETH-USD), the second largest crypto by market cap, is also trading well in the green on Wednesday, though it has not yet made new ATHs as it tests the $4K level for the third time. The proxy-like benchmark for the price of ethereum (ETH-USD), Grayscale Ethereum Trust (OTCQX:ETHE), outpaces ether in
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Crypto stocks rise with bitcoin trading at new all-time highs