IBIT is trading 3.04% higher at $46.49 as Bitcoin rallies to $81,325.80 (+2.69%) amid surging institutional interest and a broader tech sector recovery.
- JPMorgan reported a 174% increase in its IBIT holdings, signaling a significant shift in institutional crypto adoption.
- Broader market strength driven by AI optimism and robust corporate earnings has bolstered risk appetite, helping Bitcoin rebound from recent inflation-driven weakness.