🔴 IBIT is trading 1.9% down today on broader market weakness and hot CPI data

IBIT is trading 1.9% down in pre-market, tracking broader market weakness as S&P 500 and NASDAQ futures decline on hot CPI data.

• Bitcoin is trading at $71,041 (-0.31%) following $269M in net inflows into IBIT on April 10.
• High energy prices from geopolitical tensions and inflationary data continue to weigh on risk-on assets.
• S&P 500 futures are down 0.63% and NASDAQ futures have fallen 0.72%.