ETHA Fell 2.99% Wednesday as ETF Losses Deepened

Ethereum Trust (ETHA) fell 2.99% on Wednesday, making it the session’s dominant mover and the weakest result across the ETF groups tracked. Elsewhere, gains were led by Clean Energy (ICLN) up 2.47% and Energy (XLE) up 2.29%, while Brazil (EWZ) and Gold Miners (GDX) each dropped 2.62%.

Brazil plunged 2.62%

Equity ETFs

Outperformers: Energy XLE +2.29% (3M perf: +18.7%), Value Factor VLUE +1.76% (+12.0%)

Underperformers: Brazil EWZ -2.62% (3M perf: +0.8%), Germany EWG -1.31% (-6.1%)

3M Regime

Strong: South Korea EWY (3M perf: +22.6%), Taiwan EWT (+22.5%), Energy XLE (+18.7%)

Weak: Copper Miners COPX (3M perf: -15.5%), China MCHI (-11.1%), China Large Cap FXI (-10.3%)

Signals to Monitor

Volatility Compression: Copper Miners COPX, Dow Jones DIA, High Dividend DVY

Overbought: Taiwan EWT, US Technology IYW, Nasdaq 100 QQQ

Long Treasuries slid 0.78%

Fixed Income ETFs

Outperformers: Short TIPS VTIP -0.10% (3M perf: +1.5%), Short Corporate VCSH -0.24% (+0.1%)

Underperformers: Long Treasuries TLT -0.78% (3M perf: -1.1%), Inv. Grade Credit LQD -0.56% (-0.6%)

3M Regime

Strong: Short TIPS VTIP (3M perf: +1.5%), TIPS TIP (+0.9%), High Yield Bonds JNK (+0.4%)

Weak: Long Treasuries TLT (3M perf: -1.1%), Preferred Stock PFF (-0.9%), Global Bonds BNDX (-0.7%)

Ethereum Trust retreated 2.99%

Specialty ETFs

Outperformers: Clean Energy ICLN +2.47% (3M perf: +6.8%), Semiconductors SMH +1.70% (+19.9%)

Underperformers: Ethereum Trust ETHA -2.99% (3M perf: -25.9%), Gold Miners GDX -2.62% (-23.1%)

3M Regime

Strong: Semiconductors SMH (3M perf: +19.9%), Infrastructure PAVE (+8.3%), Real Estate VNQ (+7.2%)

Weak: Ethereum Trust ETHA (3M perf: -25.9%), Gold Miners GDX (-23.1%), Gold GLD (-15.6%)

Signals to Monitor

Volatility Compression: Managed Futures DBMF, Ethereum Trust ETHA, Long/Short Equity FTLS

Overbought: Long/Short Equity FTLS, Semiconductors SMH

Romain Gandon — CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.