ETHH-B.TO is trading at CA$8.72 (-3.22%) following a broad Ethereum selloff as risk sentiment weakens across digital assets.
- The decline tracks a 2.88% drop in Ether on July 31, driven by a shift out of crypto assets and lingering inflation concerns.
- Macro pressures are weighing on the sector after the Federal Reserve held interest rates steady, signaling continued policy caution.
- As a direct tracker of Ether, the fund's price movement reflects the underlying token's performance rather than fund-specific factors.