🔴 iShares Bitcoin Trust ETF is trading 5.1% down today on strong jobs data and record outflows

iShares Bitcoin Trust ETF is trading 5.1% lower as Bitcoin extends a multi-day slide driven by macro pressures and significant fund outflows.

• Strong U.S. jobs data has reinforced expectations for a "higher-for-longer" Federal Reserve policy, weighing heavily on risk assets and the broader cryptocurrency market.
• The decline follows persistent record outflows from Bitcoin ETFs and fragile investor sentiment fueled by recent geopolitical tensions.
• With Bitcoin trading near multi-month lows, downside momentum has intensified for spot-based ETFs like the iShares Bitcoin Trust ETF.