🔴 Ethereum ETF (ETHA) is trading 3.07% down after hotter-than-forecast CPI lifted Treasury yields

ETHA is trading at $54.94, down 3.07%, as hotter-than-expected inflation lifted Treasury yields and renewed concerns about higher-for-longer Fed rates.

• September headline CPI accelerated to 3.7% year over year, above the 3.6% forecast; core CPI also exceeded expectations.
• Ethereum also fell as crypto markets broadly weakened.
• Spot Ether ETFs recorded $24.84 million in net inflows on October 13; available flow data does not indicate ETF-wide outflows drove this session’s decline.