🔴 Digital Assets ETF (ETHE) is trading 3.09% down today after stronger-than-expected payrolls reduced near-term Fed-cut hopes

ETHE is trading at $19.62 (-3.09%) after the 162,000 August payroll gain exceeded expectations, reducing near-term Fed-cut hopes and pressuring crypto risk appetite.

• Ethereum fell 2.38% in the supplied market context, weighing directly on ETHE’s underlying exposure.
• Broader equities traded lower as Treasury yields rose and investors reassessed monetary-policy risk.
• The decline followed ETHE’s 5.09% gain on September 3, suggesting profit-taking amplified the macro-driven reversal.