The ProShares Ultra Bitcoin ETF (BITU) closed on January 30th up 1.17% to $60.76, driven by a surge in Bitcoin's price, which rose 1.30% to $105,065.90. The Federal Reserve's decision to maintain interest rates at 4.25%-4.50% has created a stable environment for risk assets, including Bitcoin, bolstering investor confidence. Fed Chair Jerome Powell's comments on banks serving crypto customers have further eased regulatory concerns. Additionally, Trump Media's announcement of Truth.Fi, with plans to invest heavily in Bitcoin, has injected fresh enthusiasm into the market. The European Central Bank's recent rate cut and strong U.S. employment data have also contributed to the positive sentiment, suggesting a more accommodative global monetary policy environment.