IBIT is trading 3.49% down as the 10-year Treasury yield reached about 5.02%, its highest level since 2007.

  • Brent crude remained near $107 amid Middle East tensions, reviving inflation concerns ahead of the Federal Reserve’s September 15–16 meeting.
  • Higher yields and energy costs reduced appetite for non-yielding, speculative assets such as Bitcoin.
  • Crypto-linked equities also declined, confirming a broad sector move rather than an IBIT-specific issue.