🔴 Ethereum ETF (ETHX-B.TO) is trading 3.24% down as Ethereum falls below US$2,500

ETHX-B.TO is trading at CA$12.26, down 3.24%, as Ethereum weakened after hotter-than-expected U.S. inflation.

• September U.S. CPI came in hotter than expected: annual headline inflation reached 3.7%, while core inflation rose 2.6% year over year.
• The release pushed Treasury yields higher and weighed on risk assets. Market coverage reported Ethereum fell below US$2,500 as investors reassessed rate expectations.