🟢 Bitcoin ETF (BITU) is trading 4.2% up as weaker jobs data lift Bitcoin above $86,000

BITU is trading at $16.03, up 4.16%, as Bitcoin’s move above $86,000 lifts the leveraged ETF.

• Bitcoin traded near $86,000 after weaker U.S. jobs data reduced expectations for an October Fed rate hike.
• Unemployment’s rise to 4.2% and softer September payrolls supported a favorable rate outlook for risk-sensitive crypto assets.
• Bitcoin spot ETF inflows added support, though recent flow reports differ on their size and show demand had cooled from the prior week.