🔴 BITX is trading 5.6% down in pre-market as Bitcoin weakens on rate-hike concerns

BITX is trading 5.6% down at $16.80 after Bitcoin weakened overnight amid rising rate-hike concerns.

• Bitcoin’s retreat ahead of the September 15–16 Federal Reserve meeting and crypto bill vote is pressuring leveraged crypto exposure.
• Elevated Treasury yields and weaker digital assets are weighing on sentiment.
• No BITX-specific earnings, corporate announcement, or other company catalyst was identified; the move appears primarily global and crypto-market driven.