Bitcoin, ether and several crypto stocks rose Friday on fresh expectations that U.S. regulators will soon allow exchange-traded funds that directly hold the two largest cryptocurrencies to launch.
Bitcoin was up more than 2% over the past 24 hours as of late Friday morning at $37,349, according to CoinDesk, while ether gained more than 5% to $2,100.
Crypto stocks also rose. MicroStrategy, a software intelligence firm that holds more than 150,000 bitcoin, was up about 3%. The stock, which has soared 260% this year, is on pace for its best year since 1999, according to Dow Jones Market Data.