The iShares Ethereum Trust ETF (ETHA) experienced a significant pre-market plunge of 5% on Monday, as the cryptocurrency market faced downward pressure. This sharp decline comes amid a broader selloff in Ether and Ether-linked assets.

The primary driver behind this downturn appears to be the falling price of Ether, the second-largest cryptocurrency by market capitalization. Reports indicate that Ether itself dropped by 3.8% in early trading, triggering a ripple effect across related financial instruments and companies.

This decline is not isolated to the iShares Ethereum Trust ETF. Other Ether-linked companies are also experiencing pre-market declines, highlighting the strong correlation between cryptocurrency prices and the performance of related financial products. Investors in cryptocurrency-linked assets are advised to monitor the volatile crypto market closely, as it continues to have a significant impact on these investment vehicles.