IBIT is trading at $40.23, up 3.74% from the August 19 close of $38.78 as the 30-year yield falls and dollar weakens.
- U.S. Treasury’s August 19 decision doubled long-term bond-buyback operations to at least $4 billion, pushing the 30-year yield down nearly 10 basis points.
- Renewed spot-Bitcoin ETF inflows and forced short covering amplified the move; Bitcoin approached $70,000, while Ethereum rallied sharply.
- Mixed but steady equity-futures backdrop suggests global macro liquidity and crypto-sector momentum.