🔴 Leveraged Bitcoin ETF (BITU) is trading 2.08% down in pre-market as hot CPI revived rate-hike bets

BITU is trading at $14.09, down 2.08% in pre-market as hot September CPI revived expectations of further Fed rate hikes and weighed on Bitcoin.

• September CPI was 3.7% year over year, versus 3.6% expected.
• Bitcoin extended losses overnight, falling about 3.2% to $80,791.4 by 01:49 ET.
• U.S. Nasdaq futures were down about 1.13%, while Asian technology markets sold off sharply.