🔴 Equity Digital Assets ETF (WGMI) is trading 4.39% down today on rate concerns after August PPI

WGMI is trading 4.39% down as investors reassess interest-rate risks following August PPI data, while Treasury yields remain firm.

• Pre-market reporting showed Nasdaq 100 futures lower and Brent crude above $102, pressuring growth-oriented technology and cryptocurrency-related equities.
• The broader risk-off move reflects escalating U.S.-Iran tensions and higher oil prices, raising inflation concerns and weighing on technology stocks.
• NVIDIA’s Hugging Face acquisition supports AI sentiment but does not offset sector-wide macro pressure.