IB1T.L is trading at £5.97, up 4.91%, tracking Bitcoin’s sharp rebound and renewed risk appetite after weak August ADP private-payroll growth reduced expectations for additional Federal Reserve tightening.
- Governor Christopher Waller’s comments and lower Treasury yields supported cryptocurrency valuations.
- Bitcoin also benefited from renewed institutional demand and short-covering despite Middle East tensions and higher oil prices.
- The move is primarily a global macro and crypto-market repricing rather than an issuer-specific development.