🔴 Digital Assets ETF (BITO) is trading 3.04% down today after payroll growth far exceeded expectations

BITO is trading at $10.68, down 3.04%, primarily as traders take profits after its 5.87% advance on September 3.

• August payroll growth was 162,000, far above expectations, while unemployment held at 4.1%, keeping a Federal Reserve rate hike in September on the table and pressuring Bitcoin-related assets.
• Strong spot-Bitcoin ETF inflows and Bitcoin above $81,000 are cushioning the decline.