🔴 BITX is trading 4.3% down today as Bitcoin falls below $80,000

BITX is trading at $17.46, down 4.30%, after Bitcoin weakened below $80,000 following stronger-than-expected August employment data.

• The report showed 162,000 jobs added versus roughly 55,000 expected, lifting September Federal Reserve rate-hike expectations and pressuring risk assets.
• As a leveraged Bitcoin vehicle, BITX is absorbing the cryptocurrency decline; no BITX-specific corporate announcement was identified.