iShares Ethereum Trust ETF is trading 10.2% down today as it tracks a steep selloff in Ethereum and broader crypto markets following stronger-than-expected U.S. jobs data.
- Investors are rotating toward safer, value-oriented assets amid expectations that the Federal Reserve may maintain higher interest rates for a longer period.
- Persistent outflows from ether products and general weakness across the technology and digital asset sectors are further amplifying downside pressure.