
PANews|Sep 10, 2025 10:33
[AI Stocks Continue Rally, CoinShares Bitcoin Mining ETF Hits All-Time High]
According to CoinDesk, on Tuesday, driven by Nebius Group's $17.4 billion GPU supply agreement with Microsoft, cryptocurrency mining and AI-related stocks surged across the board. The CoinShares Bitcoin Mining ETF (WGMI) rose 12%, reaching an all-time high of $33.13. Year-to-date, the ETF has gained 44%, surpassing its initial listing price of approximately $30.
Year-to-date, the fund's top two holdings have performed exceptionally well: IREN (IREN) shares have skyrocketed 188%, while Cipher Mining (CIFR) shares have risen 90%. WGMI manages total assets of $175.7 million, with an expense ratio of 0.75%. The AI boom has also boosted Oracle (ORCL) stock, which surged 30% in pre-market trading on Wednesday.
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