🔴 iShares Ethereum Trust ETF is trading 3.4% down today on post-Fed weakness and hawkish rate projections

iShares Ethereum Trust ETF is trading 3.4% down today as crypto markets extend post-Fed weakness following Chair Warsh’s hawkish debut and higher-rate projections.

• The ETF is giving back part of its June 15 rebound, reflecting lower spot Ethereum prices in the wake of the June 17 Fed decision.
• With no major U.S. data releases scheduled for today, the move is primarily driven by ongoing macro fallout and soft sentiment surrounding Ethereum.