BITO is trading at $10.24 (-3.44%) as Bitcoin’s 2.91% decline and broader crypto weakness pressure the ETF.
- The 10-year Treasury yield briefly exceeded 5%, while Brent crude remained above $107.
- Rising yields and energy prices are tightening financial conditions and reducing demand for speculative assets such as cryptocurrencies.
- Investors are positioning ahead of the Federal Reserve’s September 15–16 meeting as broader risk sentiment remains negative.