🔴 EETH.XA is trading 3.1% down today amid macro-driven crypto risk-off

EETH.XA is trading 3.1% down today, closely tracking recent weakness in Ethereum as investors rotate away from higher-risk assets.

• Major cryptocurrencies have faced significant selling pressure following softer U.S. GDP data and still-elevated PCE inflation figures.
• The latest move is driven by a macro-driven, crypto-wide risk-off sentiment rather than any fund-specific news for the Global X 21Shares Ethereum ETF.