CoinShares Bitcoin Mining ETF is trading at $58.00, down 2.32% in after-hours trading, extending a multi-day slide driven by broader weakness in the technology and cryptocurrency sectors.
- High-valuation AI and growth names are facing a rotation following Oracle’s capital expenditure-heavy outlook, which has pressured the Nasdaq and tech sector.
- Macroeconomic headwinds, including CPI-driven inflation data and renewed interest rate concerns, continue to weigh on the information technology-driven portion of the portfolio.