Bitcoin, ether and several cryptocurrency stocks rose on Friday new expectations that US regulators will soon allow the launch of exchange-traded funds that directly own the two largest cryptocurrencies.
Bitcoin was up more than 2% in the last 24 hours late Friday morning to $37,349, according to CoinDesk, while ether gained more than 5% to $2,100.
Cryptocurrency stocks also rose. MicroStrategy, a software intelligence company that owns more than 150,000 bitcoins, rose about 3%. The stock, which has soared 260% this year, is on track for its best year since 1999, according to Dow Jones Market Data.
