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2x Long WULF Daily ETF Surges on September 17 Amid Fortune Group 'Buy' Rating and Mining Sector Gains

Guavy AI Editorial Team
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The 2x Long WULF Daily ETF saw significant gains on September 17 due to several positive factors. TeraWulf received a 'Buy' rating from Fortune Group, with a target price of $30, providing institutional validation for the asset.

This rating boost coincided with strengthening in the crypto mining sector, where 13 component stocks rose before the US stock market opened on September 17. Cipher Digital's 12.62% surge contributed to an upward trend backdrop for WULF and WULX.

The options trading volume in TeraWulf reached 228,700 contracts on September 15, with call options accounting for 77.05%. The open interest was around 2,841,500 contracts, representing 103.8% of the 30-day average. As WULX tracks twice the daily gain of WULF, this volatility can further impact the ETF.

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