BITO is trading at $9.59 (+3.68%) as Bitcoin rallied roughly 7%–8% overnight toward $70,000, lifting crypto-linked ETFs.

  • Treasury long-bond buybacks pushed the 30-year yield lower, improving risk appetite.
  • President Donald Trump urged Congress to advance crypto legislation, while an SEC proposal supported digital-asset sentiment.
  • A crypto short squeeze and renewed spot-ETF inflows amplified the sector-wide move.