BITU is trading at $14.01 (+2.79%) as Bitcoin rebounds above $79,000.
- Leveraged crypto exposure is recovering after the September 8 selloff.
- Renewed interest in crypto exchange-traded products is supporting the recovery, while oil-driven inflation concerns and potential Federal Reserve tightening limit gains.
- Broader U.S. equities are slightly lower, and no major economic release is scheduled for September 9, making Bitcoin’s move the primary catalyst.