The 2x Bitcoin Strategy ETF (BITX) closed on January 14th up 5.96% at $54.26, driven by a surge in Bitcoin's price, which rose 2.10% to $96,490.28. Bitcoin's rebound was fueled by a lighter-than-expected inflation report, which increased risk appetite among investors, pushing the cryptocurrency back above the $97,000 mark. This positive sentiment was further bolstered by SEC Chairman Gary Gensler's comments likening Bitcoin's potential long-term value to gold, reinforcing its global appeal. Additionally, renewed interest from institutional investors, such as Italy's largest bank Intesa Sanpaolo purchasing 11 BTC, signaled growing acceptance within traditional finance. Geopolitical developments, including the European Union's adoption of crypto regulations and reports of President-elect Donald Trump preparing a pro-crypto executive order, have also fueled optimism.