🔴 Ethereum ETF (ETHA) is trading 3% down in pre-market after hotter-than-expected inflation renewed rate concerns

ETHA is trading at $53.23 (-3.02%) as hotter-than-expected September inflation renewed concerns about higher rates for longer.

• September CPI rose 3.7% year over year, above the 3.6% forecast.
• Ethereum fell about 6.5% over 24 hours as investors reduced risk exposure; crypto liquidations added to selling pressure.
• A broader technology sell-off across Asian markets reinforced risk-off sentiment after the inflation surprise.