CoinShares Bitcoin Mining ETF is trading 5.2% down today as sticky inflation data and rising Treasury yields pressure high-beta tech and digital-asset equities.
- Fresh U.S. CPI data has reinforced concerns about higher-for-longer interest rates, triggering a broad selloff across the information technology and AI sectors.
- Weakness in the Nasdaq and semiconductor names is dragging down the fund's portfolio of bitcoin miners, which often trade in tandem with growth-oriented risk assets.
- Rising Treasury yields continue to weigh on the broader growth complex, impacting the valuations of tech-heavy portfolios and digital-asset-linked stocks.