🟢 Bitcoin ETF (EBTC.XA) is trading 3.3% up, as Bitcoin rose on softer U.S. PCE inflation

EBTC.XA is trading 3.3% higher as Bitcoin strengthened, supported by softer-than-expected U.S. PCE inflation.

• Bitcoin rose around 1% on October 1, while markets reduced expectations of another near-term Fed rate hike.
• Treasury yields near 5.3% capped its advance, and U.S. spot Bitcoin ETFs recorded net outflows; these cross-currents make a single catalyst for EBTC.XA’s larger move uncertain.