IBIT is climbing as spot Bitcoin trades near $60,000, up about 2–3% over the last 24 hours.[1] The move follows June’s heavy spot Bitcoin ETF outflows and signs that redemptions may be stabilizing, prompting a relief rebound in BTC and its ETFs.[1][2] Broader U.S. equity indexes are modestly higher, but IBIT’s move is primarily tied to Bitcoin’s price recovery after the worst ETF month on record.[1][4]