🔴 Equity Digital Assets ETF (WGMI) is trading 2.23% down in pre-market as stronger PMI lifts yields

WGMI is trading 2.23% lower in pre-market as stronger-than-expected U.S. September PMI data intensified expectations for additional Federal Reserve tightening.

• The 10-year Treasury yield climbed above 5.1%, weighing on high-growth technology valuations; the Nasdaq 100 fell 0.85% and rate-sensitive sectors lagged.
• Weaker Nasdaq futures and declining Bitcoin and Ethereum added to risk-off pressure, affecting WGMI’s digital-asset miners and its 78.2% information-technology exposure.