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Crypto stocks advance as bitcoin gains, ether hits two-month high

Updates

** Shares of cryptocurrency-related companies surged in early trading

** Expectations of a resumption in U.S.-Iran talks to end the Middle East conflict lifted appetite for risk assets on Tuesday

** Ether ETH= jumps 6.1% to $2,391.46, its highest level in over two months, while bitcoin BTC=, the world's largest cryptocurrency, also climbs over 3%

** Crypto exchange Coinbase Global COIN.O rises 5.9%, while BTC buyer Strategy MSTR.O gains 7%

        ** Crypto miners: Riot Platforms Inc RIOT.O and MARA Holdings MARA.O gain 6.5% and 4.3%, respectively, highest since late Jan

** Peer Hut 8 HUT.O hits its highest level since November 2021, last up 5%

** Blockchain-focused companies Gamesquare Holdings GAME.O gains 5.1%, while BTCS BTCS.O advances about 8%

** Bitmine Immersion Technologies BMNR.A jumps 5.7%, while other ether firms also edge up with Sharplink Gaming SBET.O surging 11% and Bit Digital BTBT.O rising 5.5%

** iShares Ethereum Trust ETF ETHA.O adds 5.6%, trading at its highest level since Feb 2

** ProShares Bitcoin Strategy ETF BITO.P, iShares Bitcoin Trust ETF IBIT.O up 3.2% each

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))

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