CoinShares Bitcoin Mining ETF Hits Record $33 as AI Stocks Surge
10/9/2025
The CoinShares Bitcoin Mining ETF (WGMI) jumped 12% to a record $33.13 on Tuesday, surpassing its debut price, as AI-driven momentum lifted both crypto mining and tech stocks.
The rally was fueled by Nebius Group’s $17.4 billion GPU supply deal with Microsoft, which boosted investor interest in AI-focused and mining equities. WGMI is now up 44% year-to-date, exceeding its initial market debut of around $30.
Among its top holdings:
- IREN (IREN), up 188% year-to-date
- Cipher Mining (CIFR), up 90% year-to-date
WGMI manages $175.7 million in assets, with an expense ratio of 0.75%.
AI Momentum Boosts Tech Stocks
The Nebius-Microsoft deal added fuel to AI-related equities. Oracle (ORCL) surged 30% in pre-market trading Wednesday after raising its cloud revenue growth forecast to 77% amid soaring AI demand. Its backlog jumped 359% to $455 billion, driven by AI-powered cloud contracts, according to the Financial Times.
