🟢 Bitcoin ETP (IB1T.L) is trading 3% up as Bitcoin recovery drives renewed risk appetite

IB1T.L is trading at £5.91 (+3.01%) as Bitcoin’s broader recovery drives renewed risk appetite.

• BTC’s session-close gain was 1.83%; a softer dollar, easing Treasury-market pressure, renewed spot-Bitcoin ETF inflows and a substantial short squeeze also supported the rally.
• Bitcoin advanced from roughly $63,000 on August 17 to above $80,000; August 27 trading showed consolidation near $79,000.
• Positive U.S. equity and technology backdrop, including NVIDIA’s earnings beat, likely added support, but Bitcoin-specific momentum is the stronger explanation.