🟢 Bitcoin ETF (IBIT) is trading 3.2% up today as cooling labor data ease rate-hike pressure

IBIT is trading at $45.20 (+3.22%) as Bitcoin rises alongside broader risk assets after cooling labor data reduced immediate rate-hike pressure.

• Fed officials’ softer inflation commentary helped Bitcoin recover above $77,500 during early September 3 trading.
• Gains remain tempered by Iran-related geopolitical risk, elevated oil prices, and renewed ETF outflows, including $201.18 million from IBIT on September 1.
• The move reflects improving liquidity expectations more than ETF-specific demand.