IB1T.L is trading at £6.08, down 3.22%, as Bitcoin reversed its rebound and slipped below $82,000 on October 22.
- The pullback tracked a wider retreat from risk assets. Market coverage linked crypto weakness to renewed concerns over AI spending after mixed results from Meta and Tesla, escalating geopolitical tensions and higher oil prices.
- Bitcoin fell as much as 4.5%, while technology-led market weakness added pressure on crypto. IB1T.L’s movement was consistent with Bitcoin’s decline, not a separate fund-specific catalyst.