BITX is trading 7.1% down at $16.53 as Bitcoin weakened ahead of the September 15–16 Federal Reserve meeting and a key Senate crypto bill vote.
- Rising Treasury yields, persistent inflation concerns, and expectations for a rate hike are pressuring leveraged cryptocurrency exposure; Reuters reported markets assigned an 85% probability to a hike.
- Long-term bond yields approached 5%, while BITX’s 4.46% gain on September 14 reversed sharply. No company-specific BITX announcement was identified.