🟢 Volatility ETF (UVIX) is trading 10.37% up in pre-market as tech selloff boosts volatility demand

UVIX is trading at $38.60, up 10.37%, as the tech-led selloff appears to be driving demand for volatility exposure.

• Tech-heavy U.S. futures fell sharply overnight as weak outlooks from Intel and Amazon intensified AI-spending concerns; Alphabet’s prior-session earnings miss added pressure.
• Broader risk-off sentiment, including a steep Asian-market selloff, is likely boosting demand for volatility exposure.
• The reported Binance security breach deepened crypto-market stress, though the technology selloff appears to be the primary catalyst for equity volatility.