The price of Bitcoin The price approached $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector.

Bitcoin is up more than 9% in the last week ether is up about 7%. Other popular coins have also rallied, with Solana up nearly 10% and Dogecoin up 15% in the last seven days.

The profits have found their way to crypto-linked stocks. Digital asset exchange Coinbase climbed 7% on Wednesday, bringing its three-day rally to 19%. The stock is at its highest level since August.

Bitcoin miners Marathon Digital And Riot Platforms also rose on Wednesday.

One reason for Bitcoin’s 53% rise so far this year is a flurry of new spot Bitcoin exchange-traded funds that launched in January, welcoming a host of new investors. Ether ETFs followed in July.

Investors have purchased $1.2 billion worth of ETF shares in the past three days, bringing the total holdings to over $63 billion. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for more than 30% of new purchases.

Samara Cohen, chief investment officer for ETF and index investing at BlackRockrecently told CNBC that 80% of IBIT buyers are direct investors. Of those, 75% had never owned a BlackRock ETF, she said.

“We went into this journey with the expectation that we needed to educate ETF investors about crypto and specifically Bitcoin,” Cohen said. “As it turns out, we have fully educated crypto investors on the benefits of the ETP wrapper.”