Bitcoin Falls Below $60K, Causing Sharp Drop in Miner ETF WGMI

Bitcoin's drop below $60K on June 5 led to an 11.2% decline for the CoinShares Valkyrie Bitcoin Miners ETF (WGMI), nearly tripling its loss compared to a 4% daily fall in BTC-USD. The move highlighted leveraged miner beta, with major miners like RIOT and MARA contributing significantly.

By Austin Smith Sun, June 7, 2026 at 3:30 PM GMT+3 7 min read · Yahoo Finance · June 7, 2026, 12:30 UTC

Bitcoin Falls Below $60K, Causing Sharp Drop in Miner ETF WGMI

Tickers: $CLSK $MARA $RIOT $WGMI

Topics: Bitcoin cryptocurrency market crash leveraged exposure WGMI ETF

Read the full article at Yahoo Finance

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