🔴 Digital Assets ETF (WGMI) is trading 1.6% down in pre-market as higher yields pressure technology stocks

WGMI is trading at $45.00 (-1.60%) as higher yields pressure technology stocks.

• Information technology is the weakest major sector pre-market; technology is down 1.17%, while Nasdaq futures are down 0.58%.
• Overnight risk sentiment remains cautious as investors await NVIDIA’s August 26 earnings and later-week PCE, GDP, and Jackson Hole catalysts.
• Mixed cryptocurrency trading, including Bitcoin’s modest recent weakness, amplifies WGMI’s decline.