BITX is trading 2.2% up today at $12.30 as the fund rebounds alongside improving crypto-related risk appetite.
- The recovery follows yesterday’s pullback which was driven by cooling crypto sentiment and profit-taking.
- Gains are supported by Bitcoin trading modestly higher over the last 24 hours and slightly firmer U.S. equity futures.
- The upward move appears to be a broader market rebound rather than the result of any new company-specific catalysts.