GBTC is trading 3.21% higher as Bitcoin gains 1.81% to approximately $78,000, supported by improving risk appetite and expectations that cooling inflation could allow the Federal Reserve to pause rate hikes.
- U.S. equities are higher, supporting broader speculative-asset demand.
- Grayscale’s GBTC recorded roughly $56.2 million in outflows on September 2, limiting the fund-specific signal.
- Escalating Middle East conflict and higher oil prices remain risks, though Bitcoin momentum dominates.