🔴 Digital Assets ETF (GBTC) is trading 3.05% down today as jobs data cut September Fed rate-cut bets

GBTC is trading 3.05% lower after the August employment report showed U.S. employers added 162,000 jobs versus an expected 56,000, prompting traders to reduce September Federal Reserve rate-cut bets.

• Bitcoin fell about 1.80% immediately after the release, while broader crypto assets reversed part of the September 3 rally.
• The decline is primarily macro-driven, with stronger employment lifting rate expectations and reducing digital-asset risk appetite.
• GBTC’s move follows its 5.75% gain on September 3.