From Nasdaq:

Bitcoin’s market value surpassed $1 trillion, driving U.S.-listed cryptocurrency companies’ stock to increase by 7% to 13%. Following the U.S. securities regulator’s approval of the first spot bitcoin exchange-traded funds (ETFs) last month, the launch of ETFs has been lauded as a game-changer for the industry.

Coinbase’s COIN.O stock rose 7%, while miners Riot Platforms RIOT.O and Bitfarms BITF.O surged nearly 8% and 11% respectively. At $1.08 trillion, Bitcoin’s market value is twice that of JPMorgan Chase, and is closing in on Meta Platforms’ $1.17 trillion. The largest cryptocurrency traded at $51,300, up 3.7%.



Read more: U.S-listed crypto firms hitch a ride with rising bitcoin