DAPP is trading at $20.65 (-3.37%) as a broader information technology selloff puts pressure on semiconductor and AI-linked names.
- Investors are questioning lofty valuations in the AI sector following sharp declines in Micron and cautious production commentary from SK Hynix regarding AI compute demand.
- The fund is also being impacted by a general risk-off tone that has weighed heavily on digital assets and the wider tech market.