BITU is trading at $12.51 (-2.08%) as Bitcoin weakness pressures its leveraged cryptocurrency exposure ahead of the Federal Reserve decision.
- Strong August retail sales and elevated inflation concerns increased expectations for a 25-basis-point Fed hike, while Treasury yields near multi-year highs made speculative assets less attractive.
- The broader crypto market is also weaker, with Bitcoin and Ethereum declining, reinforcing BITU’s downside.