BITO is trading at $10.74, up 3.57%, as Bitcoin rebounded from an overnight drop while U.S. midterm results became clearer and broader risk assets recovered.
- The rebound tracked a relief rally in equities as markets shifted from election-driven concerns toward confidence that divided government could mean legislative gridlock.
- The advance came despite reported outflows from U.S. spot Bitcoin ETFs, which do not appear to explain BITO’s gain.