Bitcoin and crypto stocks are mixed after rising in tandem to start Thursday, the first trading day of U.S. exchange-traded funds holding the largest digital currency.
Bitcoin rose 1% in the past 24 hours to near $45,000 Thursday morning after initially surging to about $49,000, according to CoinDesk. Ether, the second-largest cryptocurrency by market value, jumped 7% to about $2,600.
Crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, fell 7%. MicroStrategy, a bitcoin-buying software intelligence firm, was down 6%.