IBIT is trading at $38.81, up 6.05%, driven by renewed U.S. spot Bitcoin ETF demand supporting the broader crypto rebound, with $189.3 million in net inflows on August 18.
- Traders are positioning ahead of the Federal Reserve’s July meeting minutes and a White House meeting with crypto executives, creating upside volatility.
- Bitcoin’s advance is notable despite elevated Treasury yields and geopolitical risks, while broader equities remain only modestly higher.