DAPP is trading 2.2% lower as a broader selloff in risk-sensitive technology and digital-asset equities weighs on the fund.
- Major indexes were modestly higher, but information technology fell 0.66%; the 10-year Treasury yield remained near a 19-year high at about 5.14%, pressuring growth valuations.
- Bitcoin was essentially flat near $84,379 as stronger economic data increased expectations for another Federal Reserve rate increase.
- Proposed AI legislation appears secondary to broader market pressure.