iShares Ethereum Trust ETF is trading 5.5% down today as Ethereum and other major digital assets face a sharp sell-off driven by renewed risk aversion and significant derivatives liquidations.
- Institutional sentiment has cooled following consistent outflows from spot Bitcoin ETFs and MicroStrategy’s first Bitcoin sale in several years.
- Escalating U.S.-Iran tensions are weighing on the cryptocurrency market, causing Ethereum-linked products to face more intense selling pressure than the broader equity market.