🔴 Leveraged Bitcoin ETF (BITU) is trading 2.2% down in after-hours trading as crypto liquidations pressure Bitcoin

BITU is trading at $14.46, down 2.20%, as Bitcoin weakened amid crypto liquidations and continued selling pressure.

• A report said BTC fell 1.5% on October 12 and cited $304.24 million in crypto liquidations.
• BITU targets 2x Bitcoin’s daily performance, amplifying the effect of Bitcoin’s decline.
• Investors also focused on Wednesday’s U.S. CPI report; broader macro and geopolitical risks kept pressure on risk assets.