🔴 Bitcoin Mining ETF (WGMI) is trading 2.16% down in pre-market after hotter-than-expected CPI pressures tech stocks

WGMI is trading at $33.08, down 2.16% pre-market, as hotter-than-expected September CPI raised concerns about higher-for-longer rates and weighed on rate-sensitive technology stocks.

• The September CPI report was released October 14.
• Tech led the broader selloff, with semiconductor weakness extending into Asian markets and Nasdaq futures down overnight.
• October 15 PPI and retail-sales reports, due before the open, could add pressure; these catalysts fit WGMI’s technology-heavy exposure and recent multi-session decline.