IB1T.L is trading at £5.30, up +5.75%, following Bitcoin’s rally above $72,000 on August 20 after the U.S. Treasury announced plans to double long-duration bond buybacks.
- The announcement improved liquidity expectations and weakened yields.
- Forced covering amplified the cryptocurrency-sector rally, with more than $3 billion in Bitcoin short positions reportedly liquidated.
- Trump’s push for the CLARITY Act added regulatory optimism.