iShares Bitcoin Trust ETF is trading 5.3% up today as Bitcoin recovers from a sharp five-day selloff fueled by hotter-than-expected U.S. jobs data and a hawkish Federal Reserve outlook.
- The rebound reflects a broader risk-on sentiment across digital assets, with Bitcoin and Ethereum both trading firmer.
- Traders are moving back into oversold crypto assets despite ongoing concerns regarding a higher-for-longer interest rate environment.
- The recovery coincides with outperformance in Nasdaq futures, signaling renewed investor appetite for growth and risk-sensitive sectors.