iShares Bitcoin Trust ETF is trading 3.4% up today as Bitcoin rebounds from recent weakness and broader risk assets firm.
- The move follows several weeks of outflows and declines for Bitcoin funds, suggesting a short-covering bounce and bargain hunting in spot Bitcoin and related ETFs.
- With no major macro data releases scheduled, market flows are currently being driven mainly by sentiment and positioning.
- Futures across major U.S. indices show a slightly positive tone, supporting the broader recovery in risk-on assets.