🔴 Bitcoin Mining ETF (WGMI) is trading 4.51% down as Bitcoin’s drop below $80,000 pressures miners

WGMI is trading at $31.63 (-4.51%) as Bitcoin’s drop below $80,000 and weakness in digital assets pressure crypto-exposed miners.

• Technology shares are selling off after Alphabet’s disappointing results revived concerns about returns on AI spending; Nasdaq futures fell about 1.3%.
• Samsung’s weaker outlook adds to semiconductor-sector caution, despite SK Hynix’s record results.
• Broader macro caution around persistent inflation and the Fed’s policy outlook is weighing on risk appetite.