PROSHARES BITCOIN ETF UP 2.7%, ISHARES BITCOIN TRUST UP 2.8%
CRYPTO STOCKS CLIMB AS BITCOIN PRICE RISES
Shares of crypto-linked firms advanced as Bitcoin’s price rose, with Coinbase up 4.3%, Bitfarms gaining 2.8%, and MicroStrategy climbing 3.1%. The move reflects renewed investor appetite for digital asset exposure, though volatility in underlying crypto prices remains a key risk.
Shares linked to digital assets climbed on Monday as Bitcoin added 3% to about $122,308, its highest level in four weeks and within sight of its all-time peak. Ether rose more than 21% over the past week to around $4,300, extending the upbeat tone across major tokens. In equity markets, Coinbase Global rose roughly 4.3%, Bitfarms advanced about 2.8%, and MicroStrategy gained 3.1%. Exchange-traded products also moved higher, with the ProShares Bitcoin Strategy ETF up 2.7% and BlackRock’s iShares Bitcoin Trust ahead 2.8%. The gains underscore renewed investor appetite for leveraged exposure to cryptocurrencies amid expectations that expanding ETF inflows and supportive regulatory signals could push the underlying coins toward fresh records, although the sector’s historic volatility remains a key risk.
