BITU is trading at $14.90 (-3.07%) as Bitcoin and crypto weakness weigh on the fund; Bitcoin fell about 0.9% to $83,780.07 in overnight trading.
- President Trump's rejection of Iran's proposal to reopen the Strait of Hormuz revived geopolitical risk, lifting oil and inflation concerns. The 10-year Treasury yield rose four basis points to 5.20%, adding pressure on risk-sensitive assets.
- Softer technology sentiment and lower equity futures reinforced the risk-off backdrop. No major U.S. economic release is scheduled before the Dallas Fed index later today.