BITU is trading at $13.03, down 3.84% from the September 9 close in pre-market trading as escalating U.S.-Iran tensions and Brent crude above $100 reduced risk appetite.
- Bitcoin declined roughly 1%, weighing on leveraged crypto exposure.
- Higher Treasury yields and concern that energy-driven inflation could keep Federal Reserve policy restrictive added pressure.
- The August PPI release and weaker equity futures reinforced the broad risk-off tone before the open.