BITO is trading at $10.72, up +4.28%, as Bitcoin advanced on improved institutional demand and short-covering.
- The Federal Reserve’s 25-basis-point rate hike was followed by Bitcoin decoupling from equities.
- Broader markets are only modestly higher, indicating BITO’s move is primarily crypto-specific rather than equity-driven.
- The Bank of Japan’s dovish-interpreted hike also supported global risk appetite and digital assets.