BITO is trading at $11.09, down 3.14%, as Bitcoin’s drop below $84,000 directly pressures the fund, which holds front-month Bitcoin futures. - Higher oil prices after Iranian tanker attacks, rising Treasury yields and a stronger dollar weakened risk appetite; leveraged liquidations intensified the crypto selloff. - The move reflects broader risk-off trading, with stocks lower. Bitcoin fell 2.73% and the S&P 500 fell 0.60%. Investors await the Federal Reserve’s September meeting minutes for rate clues.