🟢 Bitcoin ETF (BITU) is trading 2.3% up as Bitcoin’s modest rise lifts the ETF

BITU is trading at $16.30, up 2.23%, as Bitcoin’s modest rise since the prior close provides a direct tailwind for the leveraged ETF.

• Weak U.S. jobs data lowered expectations for an October Fed rate hike, supporting crypto sentiment.
• Broader equities are higher as yields and oil retreat; Bitcoin faces resistance near $87,000, while elevated yields remain a headwind.
• Supplied price context shows gains on both October 5 and October 6, consistent with continued strength after the prior session’s move.