🔴 Leveraged Bitcoin ETF (BITU) is trading 2.71% down as hotter-than-expected inflation renews Fed rate concerns

BITU is trading at $14.21, with a -2.71% change, as hotter-than-expected September inflation renewed concern the Fed may keep rates higher, pressuring risk assets.

• September inflation was 3.7% year over year; Bitcoin fell below $80,000 Thursday amid inflation-driven risk-off trading and technology-stock weakness.
• Bitcoin recovered above $82,000 Friday as the dollar weakened and risk sentiment improved, but BITU was still down at 12:05 p.m. Its leveraged exposure can amplify Bitcoin’s daily move.