CoinShares ETF Trust CoinShares Bitcoin Mining ETF

WGMI

Market cap $253M

Bitcoin barely moved after one of the biggest macro events of the year. In this episode of The Daily Wolf, Scott Melker explains why Bitcoin's muted reaction to the Federal Reserve may actually be bullish, why Robinhood generated more revenue from prediction markets than crypto trading, and why the biggest platforms in digital assets are evolving into complete financial ecosystems.

After peaking around $25 billion a day during the 2025 crypto bull market, Bitcoin (BTC) spot volume has crashed to the lowest level since 2024.

Oil, gold and crypto ETFs outperformed last week as Middle East tensions lifted commodities despite a broad tech-led market selloff.

Has the Senate shelved the Clarity Act? Seth Ginns talks more about the back and forth between Democrats and Republicans on key sticking points in the legislation but says "we're feeling quite good" it will get passed.

Single-stock derivative strategies, crypto miners, and energy commodities led in performance across non-leveraged ETFs last week. Broad market momentum shifted toward high-beta tech exposure and commodity inflation hedges, shaping the list of top-performing ETFs.

Bitcoin has reclaimed several important technical levels, and improving momentum suggests the cryptocurrency could be setting up for another advance if key resistance is cleared.

WGMI is evolving from a pure BTC mining play to a concentrated bet on miners transitioning to AI infrastructure. Its recent 26% pullback reflects market repricing, not fundamental deterioration; current valuations offer a more attractive entry point. Top holdings like Cipher and IREN are underpriced relative to their contracted AI infrastructure revenue, supporting a Buy rating.

Bitcoin miners spent the past decade building out cheap electricity and heavy-duty power infrastructure. Now, some of the biggest artificial intelligence (AI) companies in the world are paying billions of dollars to use it.

Everyone is watching Bitcoin's price. Wall Street is quietly rebuilding the financial system.

Shares of Marathon Digital (NASDAQ:MARA | MARA Price Prediction) are up 18% in midday trading Thursday, changing hands at $14.27.