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.
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.
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.
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.
Bitcoin miners are enduring their most challenging profitability environment in two years. A steep drop in bitcoin's price has pushed production costs for many operators above what they can earn from mining the digital asset.
Attempting to identify reasons to be bullish on bitcoin in the current environment feels a lot like grasping for straws. True, the largest cryptocurreny is behaving like a falling knife.
When accounting for Bitcon's massive tumble, easily one of the most pleasant ETF surprises to start 2026 is the CoinShares Valkyrie Bitcoin Miners ETF (WGMI). As of midday Monday, WGMI was higher by 13% since the start of the year.
Cryptocurrency miners pivoting away from or reducing dependence on that business landed more encouraging news on Tuesday. There are reports that privately held artificial intelligence (AI) giant Anthropic is close to raising a massive sum of capital.
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research, Todd Rosenbluth, discussed the CoinShares Bitcoin Mining ETF (WGMI) with Chuck Jaffe of Money Life. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF.
Cryptocurrency mining equities are on a torrid pace to start 2026. Just look at the CoinShares Valkyrie Bitcoin Miners ETF (WGMI), one of the bellwether ETFs addressing this industry.
VettaFi's Head of Research Todd Rosenbluth discussed the CoinShares Bitcoin Mining ETF (WGMI) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.
As has been widely documented, changing is afoot in the cryptocurrency mining industry, and those changes are affecting an array of stocks and ETFs such as the CoinShares Valkyrie Bitcoin Miners ETF (WGMI). Multiple members of the WGMI portfolio are no longer pure play bitcoin miners.