COINSHARES BITCOIN MINING ETF (WGMI) Rose 12% to Record $ 33.13 on Tuesday as Nebius Group’s $ 17.4 billion agreement to deliver GPUs to Microsoft Increased Crypto Mining and AI-related shares everywhere
The exchange -traded fund is now 44% higher years to date and has surpassed its market debut level of about $ 30.
The top two holdings have been prominent artists years to date:
- IREN (Iren) has risen 188%
- Cipher mining (Digifr) has risen 90%
WGMI manages $ 175.7 million in total assets with a cost ratio of 0.75%.
Ai Momentum
Nebius-Microsoft Deal triggered a rally in AI-focused mining stocks on Tuesday and added momentum from the wider AI movement.
AI euphoria also increased oracle (Orcl)which rose 30% in trade in before the market on Wednesday. The company, a database software developer who has turned to Cloud Computing, raised its cloud income growth forecast to 77% after rising AI demand, according to the Financial Times. Its backlog rose 359% to $ 455 billion, driven by massive AI-powered cloud contracts.
