IB1T.L is trading at £5.01, up +4.92%, reflecting a broad Bitcoin rally after the U.S. Treasury’s August 19 buyback announcement.
- The Treasury said it would at least double long-dated bond buybacks, lowering the 30-year yield to approximately 5.19%, weakening the dollar and improving liquidity expectations.
- Bitcoin approached $70,000, while renewed spot-Bitcoin ETF inflows and short liquidations amplified the move.
- The ETP is physically backed and provides direct Bitcoin exposure.