Grayscale Bitcoin Trust ETF is trading 4.4% up today as Bitcoin firms above the $61,000 level, helping the fund recover from steep losses incurred during the previous week.
- The ETF is rebounding after facing pressure from a stronger-than-expected May U.S. jobs report and persistent fears of higher-for-longer interest rates.
- Positive momentum in Bitcoin and a modestly risk-on tone in Nasdaq futures are supporting the bounce despite a lack of new U.S. macro data.