GET DAILY SIGNALSWGMI ETF Slides -35% Over 30 Days as Rates and Bitcoin Pressure Mount
Key Takeaways
- WGMI fell roughly 35% over the trailing 30 days, sliding from about $44.93 to near $29 in late October.
- The decline extends a longer drawdown: the fund is down approximately 45% from its late-July level near $52.87.
- Rising Treasury yields, hotter-than-expected inflation data, and renewed Federal Reserve rate concerns hit debt-funded digital-power and bitcoin-mining names hardest.
- A broader derating of AI data-center landlords and neocloud operators, driven by cooling GPU pricing and elevated short interest, pressured holdings such as CIFR, IREN, and CRWV.
- Bitcoin's pullback below $81,000 and a roughly 6% jump in mining difficulty compounded margin pressure across the fund's bitcoin-mining exposure.
WGMI's Strategy and Key Holdings
WGMI is an actively managed, non-diversified exchange-traded fund that invests at least 80% of its net assets in Bitcoin Mining and Digital Power Companies. Following a strategy update effective August 11, 2026, the fund—formerly the CoinShares Bitcoin Mining ETF—broadened its universe to include companies materially involved in bitcoin mining, hyperscale data centers, AI-focused semiconductors and components, power generation and energy infrastructure, and high-performance computing. The fund does not invest directly in bitcoin.
The fund carries a net expense ratio of 0.75% and held roughly 25 to 27 positions with about $274 million in net assets as of late September 2026. Recent top holdings included Cipher Digital (CIFR), IREN (IREN), TeraWulf (WULF), CoreWeave (CRWV), Hut 8 (HUT), and Nebius Group, alongside Core Scientific (CORZ), CleanSpark (CLSK), and Riot Platforms (RIOT). The portfolio is concentrated in information technology and digital-infrastructure industries.
This structure is central to the recent selloff: the fund now pairs highly volatile bitcoin-mining economics with capital-intensive AI data-center exposure, both of which are sensitive to interest rates and bitcoin price swings. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Recent Price Performance
Over the trailing 30 days, WGMI declined roughly 35%, from about $44.93 to near $29. The move was sharp rather than gradual, with the steepest losses concentrated in mid-October. The decline is part of a broader three-month downtrend: from a late-July level near $52.87, the fund has fallen approximately 45%.
The pattern was trend-driven and punctuated by elevated single-day volatility, reflecting the leveraged sensitivity of underlying miners and data-center operators to macro headlines rather than a slow, range-bound drift.
Key Drivers Behind the 30-Day Decline
Several forces converged. First, hotter-than-expected U.S. inflation data—September CPI rose 3.7% year over year—revived Federal Reserve rate-hike concerns and pushed the 10-year Treasury yield to roughly 5.15%, among its highest levels in years. Higher yields raise borrowing costs and discount future lease income, directly pressuring debt-funded AI data-center and mining operators such as Cipher Digital (CIFR), CoreWeave (CRWV), IREN (IREN), and TeraWulf (WULF).
Second, bitcoin traded lower, dipping below $81,000 at times, while mining difficulty rose about 6%—a squeeze that reduced miner margins. A report that MARA Holdings (MARA) sold bitcoin added to the cautious tone. Third, the AI-infrastructure complex itself derated: a forecast of a neocloud shakeout and falling GPU prices sparked sell ratings and a rise in short interest across data-center landlords.
Factors Behind the Quarterly Performance
The three-month trend reflects a sector rotation away from capital-intensive, rate-sensitive digital-infrastructure and bitcoin-mining equities. The fund's mid-2026 highs unwound as markets repriced the financing and counterparty risks embedded in the AI data-center buildout. Rising short interest in data-center landlords and heavy reliance on debt and convertible offerings—including dilution concerns tied to new note issuances—amplified the slide.
At the same time, bitcoin's broader correction and record network hashrate kept mining economics under pressure even as some operators diversified toward high-performance computing. The combination left WGMI exposed to both crypto and AI-infrastructure risk simultaneously.
Looking Ahead for WGMI Investors
Going forward, investors should monitor the trajectory of interest rates and inflation, given the sector's sensitivity to financing costs and long-dated lease income. Bitcoin's price and the next halving, mining difficulty and hash price, and AI-infrastructure financing and tenant counterparty risk remain key variables. Policy developments—including U.S. digital-asset legislation and SEC and CFTC oversight—could also shape the regulatory backdrop. Quarterly earnings and capital-raising activity across major holdings will be important signals of how the mining and digital-power complex navigates a higher-rate environment.
Refining Research with AI Tools
In my own workflow, Tickeron’s AI Screener has become a useful way to quickly compare holdings like those in WGMI against peers using technical indicators, fundamentals, and AI signals. It helps surface patterns across the sector without manual effort. From what I see, this kind of platform can add efficiency when tracking volatile areas like bitcoin miners and data-center operators.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
WGMI's RSI Oscillator dives oversold zone
The RSI Indicator for WGMI moved into overbought territory on October 30, 2026. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 53 of 57 cases where WGMI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
Following a +13.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where WGMI advanced for three days, in 266 of 283 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
WGMI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 01, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on WGMI as a result. In 73 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for WGMI turned negative on September 30, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 46 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
WGMI moved below its 50-day moving average on September 25, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for WGMI crossed bearishly below the 50-day moving average on October 05, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WGMI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for WGMI entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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