🟢 Bitcoin ETF (BITU) is trading 5.2% up, as Bitcoin rallies above $86,000

BITU is trading at $16.38, up 5.17%, as Bitcoin’s rally above $86,000 lifted the fund.

• BITU targets 2x Bitcoin’s daily performance.
• The move gained momentum from short liquidations, easing Treasury yields and Citi raising its Bitcoin target to $113,000.
• A softer dollar and renewed spot-ETF demand were also cited as supportive, while the jobs report kept traders attentive.