🔴 Ethereum ETF (ETHE) is trading 3.1% down in pre-market after hotter-than-expected September CPI

ETHE is trading at $18.86, down 3.14%, after September CPI ran 3.7% year over year versus 3.6% expected, reviving higher-for-longer Fed rate concerns and weighing on risk assets.

• Ethereum fell nearly 6% on October 15; reports cited inflation concerns and leveraged long liquidations.
• Overnight tech selling and weaker Nasdaq futures pressured risk assets; Asia’s technology-heavy markets fell sharply.
• PPI and retail sales are due at 8:30 a.m., adding uncertainty around inflation, spending and rate expectations.