BITU is trading at $16.01 (-2.14%) as Bitcoin retreats from approximately $87,381 to around $85,500 after a four-day rally exceeding 13%, signaling profit-taking and momentum exhaustion.
- The decline is occurring despite strong recent spot-Bitcoin ETF demand, including nearly $999 million in Monday inflows.
- Broader markets are near flat, so today’s move is primarily crypto-specific rather than a broad equity selloff.