🔴 Digital Assets ETF (GBTC) is trading 3% down as Bitcoin falls below $84,000

GBTC is trading at $64.14 (-3.03%) as Bitcoin’s drop below $84,000 and broad crypto weakness weigh on the fund.

• More than $400 million in leveraged long positions were liquidated.
• Rising oil prices amid Strait of Hormuz tensions and higher Treasury yields weighed on risk assets as investors awaited the Fed minutes. The broader market also fell, reinforcing the risk-off move.