Cryptocurrency miners pivoting away from or reducing depfinishence on that business landed more encouraging news on Tuesday. There are reports that privately held artificial innotifyigence (AI) giant Anthropic is close to raising a massive sum of capital.
The Financial Times reported that the company behind the Claude chatbot is closing in on a $20 billion funding round that would value it at $350 billion, building it one of the largest unicorns in the world. That speculation lifted shares of some marquee holdings in the (WGMI ).
Home to nearly $342 million in assets under management, the actively managed WGMI turns four years old next month. It is one of the most important ETFs for investors seeking broad-based exposure to cryptocurrency miners with increasing exposure to the AI and data center booms. WGMI holdings’ AI pivots are well-known. However, broadening that trfinish could be a catalyst for the ETF as 2026 unfolds.
As Tuesday’s price action in WGMI suggests, the Antrhopic headlines lifted multiple crypto miners with budding AI exposure. That’s something to keep in mind; it’s difficult for ordinary investors to pinpoint exactly which AI-tied crypto miners will benefit from news.
There are also some Anthropic details that are important as they relate to the WGMI bull case. Notably, the FT reported the company is expected to raise $20 billion from multiple investors. That’s double the previously rumored amount, confirming investors aren’t shy about allocating large amounts of capital to leading AI firms. Speaking of huge investors, Anthropic already has those.
“In addition to this funding round, tech powerhoutilizes Microsoft and Nvidia have previously stated that they would invest $10 billion and $5 billion, respectively, into Anthropic,” according to Yahoo! Finance.
One takeaway from the Anthropic funding rumors is that well-heeled investors remain enthusiastic about the long-ranging outsee for AI, implying companies such as Antrhopic, OpenAI and more could potentially increase demand for the AI and high performance computing (HPC) services provided by some of WGMI’s hugegest holdings.
Additionally, as an actively managed ETF, WGMI can more rapidly adjust its lineup to capitalize on AI/HPC-related opportunities than index-based rivals can, indicating the AI pivot is indeed beneficial to this ETF.
For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.
Leave a Reply