Summary
WGMI Chart
WGMI vs IBIT: Bitcoin Miners or Spot Bitcoin for Crypto Exposure?
The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) and the iShares Bitcoin Trust ETF (NASDAQ:IBIT) both market themselves as ways to play Bitcoin, but the past twelve months have exposed how little they actually have in common.
Some Analysts See Big Upside for These WGMI Holdings
The CoinShares Bitcoin Mining ETF (WGMI) is one of the premier ETFs for investors seeking a broad basket of cryptocurrency miners. It's tapping into the artificial intelligence (AI) infrastructure craze, a potential boon for investors at a time when Wall Street is increasingly bullish on companies committing to the crypto mining-to-AI transition.
Bitcoin Miners Shift Focus to AI Data Centers
Key Takeaways: Bitcoin miners are pursuing over $70 billion in AI data center contracts to diversify revenue streams. Mining companies could generate 70% of revenue from AI by year-end, up from 30% currently.
Valkyrie Bitcoin Miners ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 6,645 | $231,378.9 | $343,313.92 | $111,935.02 | 48.38% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 48 | $624.48 | $2,435.28 | $1,810.8 | 289.97% |
| YA Yinka Akinsola Blue Trust Inc. | 3,878 | $124,200.37 | $197,428.98 | $73,228.61 | 58.96% |
 Kimberly Cappellano Private Wealth Asset Management LLC | 2,500 | $31,925 | $131,425 | $99,500 | 311.67% |
| CMD Chris M. Denholm Objective Capital Management LLC | 9,100 | $316,862 | $449,997.73 | $133,135.73 | 42.02% |
Valkyrie Bitcoin Miners ETF (WGMI) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Valkyrie Bitcoin Miners ETF ever had a stock split?
Valkyrie Bitcoin Miners ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The described fund operates as an actively-managed exchange-traded fund (ETF), dedicating a significant portion of its net assets to investing in securities linked to the bitcoin mining industry. It aims to support companies that are heavily involved in bitcoin mining operations or provide essential technology and services for the mining process. Despite its focus on the bitcoin ecosystem, the fund makes a clear distinction in its investment strategy by avoiding direct or indirect investments in bitcoin itself, including derivatives or funds that have bitcoin holdings. As a non-diversified fund, it puts a considerable emphasis on this specific sector.
Products and Services
- Securities of Bitcoin Mining Companies
Invests in companies whose primary business is to mine bitcoin. This includes organizations that own and operate the hardware required for the complex process of bitcoin mining, which involves validating bitcoin transactions and adding them to the blockchain.
- Specialized Chips and Hardware for Bitcoin Mining
Targets investment in companies that design, manufacture, or supply specialized chips and hardware. These are essential for bitcoin mining because they significantly increase the efficiency and effectiveness of the mining process.
- Software and Services for Bitcoin Mining
Allocates funds to businesses that offer software solutions or services tailored for the bitcoin mining industry. This can include software for managing mining operations, optimizing the performance of mining hardware, or providing cloud-based mining services.
- Non-direct Investment Strategy in Bitcoin
Emphasizes an investment approach that circumvents direct or indirect holdings in bitcoin. This means the fund avoids purchasing bitcoin directly, using derivatives to gain exposure to its price movements, or investing in other funds or trusts that are holders of bitcoin. The strategy is designed to focus on the broader bitcoin mining ecosystem without engaging in cryptocurrency trading or holding.
