🔴 Bitcoin ETF (IBIT) is trading 3.2% down in pre-market as megacap earnings renew AI spending concerns

IBIT is trading at $46.30, down 3.22%, as mixed megacap earnings renewed concerns about AI spending and technology valuations.

• Rising oil amid Middle East tensions added pressure on risk-sensitive assets; U.S. futures and Asian equities also weakened.
• Spot Bitcoin ETF inflows remained supportive. This is a pre-market alert; volume data was not provided.