As bitcoin hits its highest price since May, here’s how crypto-related funds and companies are trading.

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After a period of fallow, the price of bitcoin is on the rise, reaching its highest level since May on Wednesday and giving crypto bulls hope for further gains in digital assets and companies and funds associated with the nascent industry.

See: Bitcoin rallies over $ 55,000 for the first time in five months

At last check, bitcoin BTCUSD, + 6.58% was at $ 54,380, up 9% and had reached an intrasessional high above $ 55,000, which would mark its highest level since around May.

Ether ETHUSD, + 1.96% on the Ethereum blockchain, changed hands at $ 3,600.37, up 4.6% on the session and around its highest since last month.

The gains for # 1 and # 2 cryptos in market value have helped boost other aspects of the investment world, including crypto-related companies and funds that provide exposure to the sector. .

The largest fund with bitcoin exposure, Grayscale Bitcoin Trust GBTC, + 5.87%, is up 5.5% Wednesday and nearly 15% on the week so far, according to FactSet data.

The largest crypto exchange in the United States, Coinbase Global Inc. COIN, + 3.82%, rose nearly 6% and 7.5% on the session.

Meanwhile, bitcoin miners were also on the rise. Riot Blockchain Inc. RIOT, + 2.75% was up 2.4% and 3.5% so far in the week. Miner Marathon Digital Holdings MARA, + 5.61% rose more than 4% and nearly 17% until Wednesday. Ebang International Holdings EBON, + 2.12% is up 1.8%, with a weekly gain of more than 4.4%. However, Hut 8 Mining Corp. HUT, + 0.87% was down 0.3% on the day but nearly 11% on the week.

Other funds that track crypto were also on the rise. These include the Bitwise Crypto Industry Innovators BITQ ETF, + 1.94%, up 1% on the day and almost 6% on the week. The Amplify Transformational Data Sharing ETF was up 0.5% on Wednesday and heading for a weekly gain of 3.2% so far.

It was a mixed bag for companies adjacent to crypto, investing in crypto or offering digital asset services. Retailer Overstock.com Inc. OSTK, + 0.24% was down 0.9% for the day and 6.4% for the week. Michael Saylors MicroStrategy Inc. MSTR, + 2.56% was up 2.7% Wednesday and 9.2% since the start of the week.

Shares of financial services firm Square SQ, + 1.24%, were up 1.1% but down 0.3% on the week, and PayPal Holdings PYPL, + 0.18%, up 0.5% on the day but down 1.3% on the week so far.

Elon Musks Tesla Inc. TSLA, -0.12% was trading virtually unchanged on Wednesday but was forecasting a gain of 0.8% since the start of the week. Musk has been a big supporter of crypto and a supporter of the dogecoin asset DOGEUSD, + 2.10%, which changed hands at 25.89 cents, down 2% on the Kraken exchange.

Robinhood Markets Inc. HOOD, -0.05%, which said it posted an increase in the amount of crypto trading derivative income was down 0.1% on Wednesday and posted a weekly advance of 0.2%.

The rise in bitcoin and a number of adjacent crypto assets comes even as the Dow Jones Industrial Average DJIA, -0.94%, the S&P 500 SPX Index, -0.80% and the Nasdaq Composite Index COMP, -0.45% was trading lower.

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