🔴 IRE is trading 2.4% down today tracking sharp weakness in IREN and growth stocks

IRE is trading at approximately $26 (2.4% down) as it extends its decline following a double-digit drop on June 22.

• The fund, which provides 200% daily exposure to IREN Limited, is seeing magnified losses as the high-beta Bitcoin mining and data center stock continues to struggle.
• Downside volatility is being driven by broader risk-off pressure across the technology and cryptocurrency sectors, with both Bitcoin and Ethereum facing heavy selling pressure.