FBTC.TO is trading 3% down today as cryptocurrency markets sell off alongside broader risk assets.
- Geopolitical tensions between the United States and Iran have weakened overall risk sentiment, impacting the crypto sector.
- A flight from high-growth technology shares is putting additional pressure on Bitcoin-linked instruments.
- Bitcoin has dropped roughly 3%, dragging the Fidelity Advantage Bitcoin ETF lower in tandem with the underlying asset.