🔴 BTC.NZ is trading 3.25% down as Bitcoin prices fall

BTC.NZ is trading at NZD 3.12, down 3.25%, with Bitcoin’s decline the likeliest driver.

• Bitcoin fell 2.26% over 24 hours, while Ethereum declined 3.66%, pointing to broad crypto weakness.
• Hotter-than-expected U.S. inflation has intensified interest-rate concerns and weighed on risk appetite.
• No BTC.NZ-specific catalyst was identified; the ETF seeks to reflect Bitcoin’s performance.