Movement Alert|iShares Ethereum ETF Falls 8.1% in Regular Trading, Crypto Selloff Intensifies as Bitcoin Halves from Historic High

Market Focus06-05 22:55

On June 5, iShares Ethereum ETF (ETHA) declined 8.1% in regular trading, trading at $12.075/share, with trading volume of $336 million. The drop comes amid an intensifying cryptocurrency selloff that has persisted for multiple consecutive sessions.

On the news front, the broader crypto market continued its steep decline, with Bitcoin falling below $62,000 (down over 4% in 24 hours) and Ethereum dropping to $1,654.99 (down over 7% in 24 hours). Notably, Bitcoin has fallen approximately 30% year-to-date and has now plunged 50% from its historic high of $126,000 reached last October.

Analysts point to rising U.S. inflation data pushing back market expectations for Fed rate cuts, with global liquidity contraction expectations intensifying. As a highly rate-sensitive asset class, crypto markets have seen significant capital outflows. Additionally, Strategy executed its first position reduction in nearly four years, while BlackRock crypto ETFs experienced large-scale fund outflows, triggering institutional panic selling across the secondary market.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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