Grayscale Bitcoin Trust ETF is trading 5.2% up today as Bitcoin climbs back above the key $61,000 level and short-covering kicks in following heavy risk-off selling.
- The move reflects a broader bounce in cryptocurrencies after macro-driven pressure linked to stronger U.S. jobs data and rising rate-hike expectations.
- The fund is retracing part of its roughly 16% decline since June 1 as risk sentiment stabilizes despite still-elevated yields.