🔴 Equity Digital Assets ETF (WGMI) is trading 1.78% down on August 31, 2026 amid U.S.-Iran escalation pushing Brent above $90

WGMI is trading at $41.94 (-1.78%) as U.S.-Iran military escalation pushed Brent crude above $90, increasing inflation and risk-off concerns.

• Information technology is weakening alongside broader U.S. equities and the Nasdaq.
• Hawkish Federal Reserve messaging lifted September rate-hike expectations and Treasury yields.
• Semiconductor weakness, including pressure on NVIDIA and Broadcom, is weighing on WGMI’s technology-heavy holdings and outweighing earlier pre-market chipmaker gains.