CoinShares Bitcoin Mining ETF Reaches All-Time High as AI Stocks Continue Rally

CoinShares Bitcoin Mining ETF Hits Record High as AI Stocks Drive Tech Rally
10/9/2025

The CoinShares Bitcoin Mining ETF (WGMI) surged 12% to a record $33.13 on Tuesday, climbing past its debut price, as AI-driven momentum in tech stocks lifted investor sentiment.

The rally was fueled in part by Nebius Group’s $17.4 billion agreement to supply GPUs to Microsoft, which boosted crypto mining and AI-focused stocks across the sector. WGMI has now risen 44% year-to-date, surpassing its market debut level of around $30.

Among its top holdings, standout performers include:

  • IREN (IREN), up 188% year-to-date
  • Cipher Mining (CIFR), up 90% year-to-date

WGMI currently manages $175.7 million in assets, with an expense ratio of 0.75%.

AI Momentum Drives Market Gains

The Nebius-Microsoft deal added fuel to a broader AI-driven rally in mining stocks. Oracle (ORCL) also benefited, surging 30% in pre-market trading on Wednesday. The database software and cloud computing giant raised its cloud revenue growth forecast to 77%, citing soaring AI demand, while its backlog jumped 359% to $455 billion, driven by AI-powered cloud contracts, according to the Financial Times.

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