CoinShares Bitcoin Mining and Digital Power ETF (WGMI)

CoinShares Bitcoin Mining and Digital Power ETF is trading at $31.29, down 9.85% on the session. The 50 day average sits at $46.39 and the 200 day at $48.93, which puts the stock in a downtrend. RSI is at 33.4, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $38.86 with resistance near $48.32, so that band frames the current range. Average daily movement is roughly $2.42, or about 7.7% of the share price, which is what any stop placement has to allow for. The overall health score of 20 out of 100 combines a trend score of 0, momentum of 20 and a risk score of 50.

The fund is an actively-managed exchange-traded fund (“ETF”) that will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of Bitcoin Mining and Digital Power Companies. The fund’s selection universe includes common stock and American Depositary Receipts (“ADRs”) listed on global securities exchanges, including U.S. dollar denominated and non-U.S. dollar denominated securities issued by U.S. and non-U.S. companies, including companies operating in emerging market countries. The fund is non-diversified.