🟢 Bitcoin ETF (BITU) is trading 5.1% up in pre-market as Bitcoin breaks above $86,000

BITU is trading at $16.17, up 5.07%, as Bitcoin’s Friday breakout above $86,000 fueled the crypto rally.

• Softer-than-expected U.S. jobs data eased rate-hike concerns, while ETF inflows resumed.
• Overnight reports put Bitcoin near $86,197, up 1.50%; more than $113 million in crypto shorts were liquidated over 24 hours, adding momentum to the rally.
• BITU seeks 2x Bitcoin’s daily performance, amplifying the underlying move.