🔴 Trading--Miscellaneous ETF (BITU) is trading 4.24% down today as Bitcoin falls below $80,000

BITU is trading at $13.54, down 4.24%, as stronger jobs data boosted September Federal Reserve rate-hike expectations.

• August data showed 162,000 jobs versus a 55,000 forecast, lifting Treasury yields and weakening appetite for rate-sensitive crypto assets.
• Bitcoin fell below $80,000, creating additional pressure for BITU’s leveraged Bitcoin exposure.
• The decline is primarily a global macro and crypto-sector reaction, not an isolated BITU event. Early trading follows BITU’s $14.14 September 4 close amid continued Bitcoin weakness.