🔴 Bitcoin ETF (EBTC.XA) is trading 3% down as Bitcoin weakness weighs on the fund

EBTC.XA is trading at A$10.88, down 3.03%, as Bitcoin weakness and broader risk aversion appear to weigh on the ETF, which provides exposure to physical Bitcoin.

• Bitcoin was reported near US$81,500 on October 23 amid pressure on risk assets.
• The backdrop included concerns over AI spending, higher oil prices tied to Middle East tensions, and substantial outflows from U.S. spot Bitcoin ETFs.
• The cited reporting did not establish a separate EBTC.XA-specific catalyst.