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 tech and crypto mining stocks.
The boost came after Nebius Group announced a $17.4 billion agreement to supply GPUs to Microsoft, fueling gains across AI-focused and crypto mining equities. WGMI has now risen 44% year-to-date, above its initial market debut level of roughly $30.
Leading performers among its top holdings include:
- 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 Powers Rally
The Nebius-Microsoft deal added fuel to the broader AI stock rally. Oracle (ORCL) surged 30% in pre-market trading Wednesday after raising its cloud revenue growth forecast to 77%, citing strong AI demand. Its backlog jumped 359% to $455 billion, driven by AI-powered cloud contracts, according to the Financial Times.
