Summary
WGMI Chart
WGMI Bitcoin Mining ETF Expands Into AI Power Race
Bitcoin mining facilities were built to crunch numbers for cryptocurrency. Now they're some of the most sought-after real estate in the artificial intelligence boom.
Bitcoin Miners Already Owned What the AI Economy Is Short Of
Listed miners have announced more than $70B in AI and high-performance computing contracts. For advisors, that turns a one-dimensional bitcoin proxy into something closer to a digital power infrastructure allocation.
Bitcoin Is Down 44% and Its Miners Are Up 90%. The AI Pivot Explains Everything.
The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is up 97% over the past year even though bitcoin has lost 46% of its value in the same window.
Valkyrie Bitcoin Miners ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 10,946 | $690,370 | $529,786.4 | -$160,583.6 | -23.26% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 6,838 | $243,551.41 | $336,976.64 | $93,425.23 | 38.36% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 48 | $624.48 | $2,238.24 | $1,613.76 | 258.42% |
| YA Yinka Akinsola Blue Trust Inc. | 3,878 | $124,200.37 | $199,561.88 | $75,361.51 | 60.68% |
 Kimberly Cappellano Private Wealth Asset Management LLC | 2,500 | $31,925 | $113,800 | $81,875 | 256.46% |
Valkyrie Bitcoin Miners ETF (WGMI) FAQ
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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.
