🔴 Digital Assets ETF (DAPP) is trading 7% down in pre-market as Bitcoin weakness pressures crypto-linked equities

DAPP is trading at $17.06 (-6.98%) as Bitcoin weakness and renewed selling in crypto-linked equities extend pressure.

• The decline follows DAPP’s October 7 decline.
• The 10-year Treasury yield reached a 24-year high above 5.36%, while Brent crude traded above $101, weighing on technology and other risk-sensitive assets.
• Softer equity futures added to the cautious backdrop; U.S. jobless claims were the main scheduled data release.