🔴 Equity Digital Assets ETF (WGMI) is trading 3.56% down today as bond yields pressure tech stocks

WGMI is trading at $40.90, down 3.56%, as rising global borrowing costs pressure technology and crypto equities.

• Its 78.2% information-technology allocation is amplifying today’s technology-led risk-off move as Nasdaq futures declined.
• Japan’s 10-year government-bond yield reaching 3% intensified global debt-stability and valuation concerns.
• Higher oil prices from renewed Middle East tensions and hawkish Federal Reserve expectations add inflation and interest-rate pressure; today’s Dell Technologies and Palo Alto Networks earnings are secondary catalysts after the U.S. close.