FBTC.TO is trading at CA$29.22 (-3.12%) as Bitcoin comes under pressure amid a broader selloff in crypto and risk assets.
- The decline is primarily driven by a 3.17% drop in spot Bitcoin, which the fund tracks, rather than fund-specific news.
- A wider risk-off rotation is weighing on the market, with the Nasdaq Composite down 1.15% and weakness in semiconductor stocks.
- Investors are showing increased caution ahead of the upcoming Federal Reserve meeting, further impacting crypto-linked assets and ETFs.