Shares in Coinbase and MicroStrategy have surged around 6% and 9%, respectively, in pre-market trading this morning as bitcoin broke past $45,000 amid U.S. spot ETF approval anticipation.

Coinbase stock rose 6.4% to $184.99 in early New Year trading, after closing 2023 at $173.92. Coinbase shares increased by 36% over the past month and nearly 420% in a year, according to TradingView. However, COIN is still around 46% below its all-time high of approximately $343, set in November 2021.

Coinbase is currently valued at $32.4 billion, according to The Block’s data dashboard.

Similarly, shares in MicroStrategy jumped 9.3% in pre-market trading today to $690.30 after ending last year at $631.6. MicroStrategy stock gained 25% over the past …