🔴 Growth ETF (QTOP) is trading 2.15% down in pre-market as Treasury yields pressure high-multiple valuations

QTOP is trading 2.15% down in pre-market as elevated long-term Treasury yields pressure high-multiple technology valuations.

• The move appears sector-wide, not QTOP-specific: technology is down 1.17% in premarket data; Nasdaq futures are lower.
• Caution ahead of NVIDIA’s August 26 earnings report is amplifying uncertainty around AI and semiconductor sentiment.
• No major U.S. economic release is scheduled for August 24, 2026; rates and earnings positioning are primary catalysts, outweighing firmer cryptocurrency prices and mixed broader-market factors.