🔴 Leveraged Bitcoin ETF (BITU) is trading 4.1% down in pre-market as oil and yields pressure Bitcoin

BITU is trading at $15.25, down 4.09% in pre-market as higher oil prices, Treasury yields and a firmer U.S. dollar pressured Bitcoin.

• Selling intensified as leveraged crypto longs were liquidated; traders are also watching for the October 7 FOMC minutes.
• U.S. futures were lower amid cautious risk sentiment, while Middle East supply concerns lifted oil. BITU’s leveraged Bitcoin exposure likely magnifies the decline; no pre-market volume data was supplied.