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These crypto trades are having big years as bitcoin hits a record high

Key Points

  • The iShares Bitcoin Trust (IBIT) has pulled in nearly $8 billion of investor cash, while the Fidelity Wise Origin Bitcoin Fund (FBTC) is nearing $5 billion, according to FactSet.
  • Other cryptocurrencies have rallied in addition to bitcoin, with the price of ether up more than 50%.
  • Shares of crypto exchange Coinbase are up more than 80% the past month, as investors bet that the surge in bitcoin and other cryptocurrencies will translate into higher trading volumes and fatter profits.

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