ETHA is trading 4.5% down in pre-market as Ethereum and broader crypto prices fall following news that Harvard Management Company fully exited its position.
- Institutional de-risking is accelerating after Harvard Management Company liquidated its entire stake in the iShares Ethereum Trust, signaling a shift in sentiment toward crypto-related assets.
- Broader market sentiment remains risk-off as rising Treasury yields, surging oil prices, and geopolitical tensions pressure high-growth and digital assets.
- Ethereum has dropped more than 3% over the last 24 hours, tracking a wider downturn in the digital asset space as investors pivot away from risk.