BITU is trading at $14.63, down -2.80%, as Bitcoin weakness weighs on the leveraged ETF.
- Bitcoin remained under pressure at $83,195 as of 8 a.m. October 8, after breaking below $84,000; leveraged crypto liquidations added to selling.
- Higher U.S. Treasury yields, oil-driven inflation concerns and renewed Strait of Hormuz tensions weighed on risk appetite and crypto.
- U.S. equity futures were also lower; weekly jobless claims were due at 8:30 a.m. ET.