Global X 21Shares Ethereum ETF is trading 3.3% down today, closely tracking a similar decline in the underlying price of ether over the past 24 hours.
- The decline reflects a broad risk-off sentiment across the crypto and tech sectors, with Ethereum underperforming Bitcoin as speculative appetite weakens.
- Digital assets are facing additional pressure from disappointing Broadcom guidance impacting tech futures, alongside geopolitical tensions and recent ETF outflows.