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historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy," Eric Trump, American Bitcoin’s co-founder and chief strategy officer, said in a press release statement.First launched as a subsidiary of publicly traded bitcoin mining firm Hut 8 (HUT), American Bitcoin began trading at $6.90 per share through an all-stock merger with Gryphon Digital Mining (GRYP).The stock surged as much as 90% in its first hour of trading before settling back. Its was up over 40% by 11 am New York time.American Bitcoin shareholders, including Eric Trump, his brother Donald Trump Jr., and Hut 8, own 98% of the company.Read more: Can you buy crypto with a credit card? See the pros and cons."By combining Bitcoin mining, opportunistic market purchases, and the backing of Hut 8's energy and digital infrastructure, we have created a vehicle designed to drive rapid, efficient Bitcoin-per-share growth," American Bitcoin executive chair and Hut 8 CEO Asher Genoot said in a statement.Bitcoin (BTC-USD) rose Wednesday morning to $111,500 per coin. It's up 19% year to date and has traded between $108,00 and $123,000 for the past two months.The listing kicks off the second major event the Trump brothers have headlined this week in bringing crypto to the capital markets.On Monday, the token for a crypto venture called World Liberty Financial (WLFI-USD), which has ties to Donald Trump's family, listed on crypto exchanges.The token's price spiked and then fell on major crypto exchanges, a fairly common reaction for small and newer crypto tokens. It's roughly 1% from its initial listing price and is currently the 27th largest cryptocurrency by market capitalization, according to Coinmarketcap.Trump, his sons Donald Jr. and Eric as well as Baron, were all named initial co-founders of the project though the president retired from the role once taking office, according to World Liberty's website.In exchange for promotion the Trump family, including the president, control a little under a quarter of all World Liberty tokens (22.5 billion) through a shell corporation known as DT Marks DEFI LLC.At current market prices, those holdings are worth $5 billion, making World Liberty tokens one of the Trump family's most valuable assets.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,432.82 +17.28 (+0.27%)Dow 3045,110.14 -185.67 (-0.41%)Nasdaq21,460.90 +181.27 (+0.85%)Russell 20002,348.53 -3.68 (-0.16%)VIX16.89 -0.28 (-1.63%)Gold3,629.80 +37.60 (+1.05%)PortfolioSign in to access your portfolioSign inTop gainersM Macy's, Inc. 15.79 +2.30 (+17.05%)SMR NuScale Power Corporation 42.51 +5.27 (+14.14%)HMY Harmony Gold Mining Company Limited 15.53 +1.24 (+8.72%)HIMS Hims & Hers Health, Inc. 44.95 +3.42 (+8.24%)GOOGL Alphabet Inc. 228.51 +17.16 (+8.12%)Top losersBRKR Bruker Corporation 29.40 -3.83 (-11.53%)CNTA Centessa Pharmaceuticals plc 15.60 -1.67 (-9.67%)CXM Sprinklr, Inc. 7.82 -0.78 (-9.02%)INSP Inspire Medical Systems, Inc. 85.93 -8.58 (-9.08%)KEX Kirby Corporation 87.75 -7.26 (-7.64%)Most activeOPEN Opendoor Technologies Inc. 5.12 +0.02 (+0.49%)NVDA NVIDIA Corporation 171.15 +0.41 (+0.24%)GOOGL Alphabet Inc. 228.51 +17.16 (+8.12%)NIO NIO Inc. 6.11 -0.47 (-7.08%)TSLA Tesla, Inc. 341.71 +12.35 (+3.75%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGOOG Alphabet Inc. 229.56 +17.57 (+8.29%)GOOGL Alphabet Inc. 228.96 +17.61 (+8.33%)AAPL Apple Inc. 235.55 +5.83 (+2.54%)M Macy's, Inc. 15.78 +2.29 (+16.98%)SMR NuScale Power Corporation 42.19 +4.94 (+13.28%)Top economic events