Bitcoin Busts Through $100,000, Eyeing New Targets On BITB (Rating Upgrade)

  • Bitcoin has surged over 30% from April lows, driven by a risk-on sentiment following a US-UK trade deal, reaching multi-month highs. I am upgrading the Bitwise Bitcoin ETF to a buy due to strong technicals, bullish momentum, and a supportive macro backdrop. BITB offers low-cost exposure to Bitcoin, with significant inflows and strong performance metrics, making it an attractive investment for diversification.