IB1T.L is trading 3.3% down today as crypto assets extend a late-July selloff driven by hawkish Federal Reserve commentary and rising macroeconomic uncertainty.
- The move follows a broad decline in Bitcoin and Ethereum after weak U.S. GDP data fueled rate-hike fears and significantly dampened investor risk appetite.
- Geopolitical tensions regarding potential U.S.–Israel action against Iranian energy infrastructure have further pressured sentiment, leading investors to pull back from volatile assets and Bitcoin-linked ETFs.