🟢 Bitcoin ETP (IB1T.L) is trading 3.2% up driven by Bitcoin’s recovery toward $80,000

IB1T.L is trading at £5.92 (+3.20%) as Bitcoin’s recovery toward $80,000 lifted the underlying asset, improving crypto risk appetite.

• Persistent U.S. spot-Bitcoin ETF demand provided support, while short-position liquidations amplified the advance.
• ETF inflows reached approximately $232.2 million on August 26, extending the positive streak to eight sessions.
• A softer dollar and easing Treasury-market pressure supported higher-risk assets; the move appears sector-driven rather than issuer-specific, with Bitcoin’s broad rally the primary catalyst.