🔴 Bitcoin Mining ETF (WGMI) is trading 7.36% down as hotter CPI revives Fed rate-hike concerns

WGMI is trading at $31.26, down 7.36%, as hotter-than-expected September CPI revived Fed rate-hike concerns and pressured growth and technology stocks.

• September CPI was 3.7% annually and 0.6% monthly.
• Global information technology losses and a six-session semiconductor slide deepened; bitcoin weakness and losses among listed miners added pressure relevant to WGMI.
• ASML’s strong results offered a counterpoint but did not offset broader risk aversion.