Several cryptocurrencies and crypto stocks rose today after  (NYSE: BLK), the largest asset manager in the world, filed to launch a spot Bitcoin exchange-traded fund (ETF).

Since late afternoon yesterday, the price of Bitcoin traded 4.5% higher as of 3:42 p.m. ET today. The price of the world's second-largest cryptocurrency, Ethereum, traded 3.9% higher, while shares of the Bitcoin miner Hut 8 Mining (NASDAQ: HUT) were up 14.5%.

Bitcoin and other cryptocurrencies have struggled this week, dipping after the Federal Reserve indicated Wednesday that it thinks it will need to raise interest rates two more times this year.

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Source Fool.com