🔴 FETH is trading 3.15% down today as reports link inflation surprise to crypto pressure

FETH is trading at $24.18, down 3.15%, amid broader crypto pressure that reports linked to a hotter-than-expected September inflation reading.

• Headline CPI was 3.7% year over year, above the 3.6% forecast; core CPI was also reported above expectations, renewing rate concerns.
• FETH tracks Ether, making broader crypto weakness relevant.
• Reported fund inflows on October 13 do not explain today’s decline.