🟢 Leveraged Bitcoin ETF (BITU) is trading 2.02% up as Bitcoin partially recovers

BITU is trading at $14.68, up 2.02%; its gain may reflect Bitcoin’s partial recovery, amplified by fund leverage.

• Bitcoin dipped below $80,000 after hotter-than-expected U.S. inflation data, then recovered toward $81,000.
• September CPI was 3.7% year over year, while hotter-than-expected PPI revived Fed rate-hike concerns, weighing on crypto and risk assets.
• The fund is rebounding from its $14.39 October 14 close.