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The asset manager has filed an amendment to include Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX).
Mike Dalton 3 min read 
On-chain data shows the stability is a result of strong investor confidence, evidenced by over 1 million addresses accumulating over 671,000 BTC.
Back said that Bitcoin typically surges in condensed timeframes during bull markets, and the roughly 20% climb this month indicates building momentum.
The Pepe and wider memecoin rally was driven by market momentum from Bitcoin's climb to $57,000 on Feb. 26.
Bitcoin crypto was trading at $50,856 as of press time after touching a low of $50,625 — down a little under 3% over the past 24 hours.
