Coinbase, MicroStrategy Shares Are Surging: What’s Going On? – Coinbase Glb (NASDAQ:COIN)

Crypto-related stocks including Coinbase Global Inc COIN and MicroStrategy Inc MSTR are trading higher Tuesday as Bitcoin BTC/USD continues to rise on spot ETF optimism. 

What To Know: Bitcoin is up nearly 13% over the last 24 hours and more than 22% over the last week, as the world’s largest cryptocurrency rides momentum surrounding a potential spot ETF. A spot ETF is expected to fuel demand and increase liquidity and is seen as bullish for the broader crypto space.

BlackRock and multiple other major U.S. financial firms recently made changes to their pending applications for spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust is now featured on the Depository Trust and…

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