ETHA is trading 4.3% down today as investors react to news that Harvard Management Company has fully exited its position in the fund, signaling institutional de-risking from Ethereum exposure.
- The move is being compounded by a broader pullback in cryptocurrencies, with Ethereum down over 2%.
- Selling pressure on Ethereum-linked products like ETHA is significantly higher than in the overall equity market, which remains only slightly negative.