🔴 Leveraged Bitcoin ETF (BITU) is trading 2.75% down as CPI exceeds forecasts

BITU is trading at $14.52, down 2.75%, after the September inflation report raised rate-hike fears and Treasury yields.

• Headline CPI rose 3.7% year over year, above the 3.6% forecast; core monthly inflation also exceeded expectations.
• Bitcoin fell after the release, pressuring BITU’s leveraged Bitcoin exposure, while broader equity markets also moved lower.
• Live trading; volume details are unavailable.