CoinShares Bitcoin Mining ETF is trading at $63.32 (+2.81%) as information technology shares bounce alongside stronger Nasdaq futures and firmer Bitcoin and Ethereum prices.
- The move marks a broader risk-on recovery following last week’s sharp selloff, which was triggered by hotter-than-expected jobs data and rising yields that pressured growth assets and crypto-linked stocks.
- The ETF’s tech-heavy portfolio is benefiting from a rebound after reaching oversold conditions, rather than a fund-specific event.