IB1T.L is trading at £4.60 (-3.24%) as the fund tracks a broader crypto selloff and investor de-risking following escalating geopolitical tensions between the US and Iran.
- The decline is consistent with weakness in underlying Bitcoin prices, which fell approximately 2-3%, driven by a broad risk-off move across financial markets.
- News reports indicate US military strikes against Iranian targets in the Strait of Hormuz sparked the risk aversion.
- Broader market sentiment remains cautious, suggesting the downward pressure is primarily driven by this geopolitical risk.