BITU is trading at $11.68 (-3.83%) as Bitcoin weakness weighs on the sector.
- Bitcoin fell below $75,000 amid concerns that a Democratic-led Congress could tighten crypto regulation.
- U.S. spot Bitcoin ETFs saw $1.28 billion in outflows for the week ended November 6, their worst week since late June, adding pressure to Bitcoin demand.
- Crypto weakness persisted despite a broader technology-stock rebound, pointing to sector-specific selling rather than a general equity-market decline.