Global X 21Shares Ethereum ETF is trading at A$2.45 (-8.6%) as Ethereum broke below the $2,000 support level amid a broad crypto market selloff.
- The decline is driven by broad risk-off pressure across digital assets, fueled by Middle East tensions, persistent inflation concerns, and a wave of liquidations in leveraged positions.
- Sentiment has weakened across the wider asset class, with Bitcoin dropping below $70,000 and U.S. spot Bitcoin ETFs recording continued outflows.