🟢 Leveraged Bitcoin ETF (BITU) is trading 3.35% up in pre-market as Bitcoin rebounds toward $84,000

BITU is trading at $15.12, up +3.35%, as Bitcoin rebounded toward $84,000 overnight, lifting the ETF.

• BITU targets 2x Bitcoin’s daily return; the recovery followed last week’s sharp crypto selloff and leveraged liquidations. Retreating oil prices also eased some pressure on risk appetite.
• Upside may remain fragile amid elevated Treasury yields, geopolitical uncertainty, and upcoming U.S. inflation data.