On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research Todd Rosenbluth discussed the CoinShares Valkyrie Bitcoin Miners 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 overall.
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research Todd Rosenbluth discussed the CoinShares Valkyrie Bitcoin Miners 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 overall.
VettaFi's Head of Research Todd Rosenbluth discussed the CoinShares Valkyrie Bitcoin Miners 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.
The second quarter brought with it a number of new risks and challenges for markets. U.S. equity investors weathered significant tariff-driven drawdowns in April, and ongoing volatility.
Tariff volatility rocked markets for much of the second quarter, creating pressure on U.S. bonds and equities. In the challenging environment, rife with uncertainty and investor concern, a handful of funds generated significant performance.
Bitcoin is flirting with all-time highs. That's a move that may have been forecast by miners.
Last week was a potentially significant stretch for bitcoin and other cryptocurrencies as the largest digital currency traded above $100,000 for the first time in several months. Miners went along for the ride.
Riot Platforms announced earnings on Thursday, notching its highest quarterly revenue and squeezing past Wall Street estimates. Although bitcoin miners faced challenges in the first quarter, Riot remains optimistic, with ongoing expansion happening at its Corsicana Facility.
The ongoing market rout in response to U.S. tariff concerns, escalating trade wars, and geopolitical tensions creates challenges for investors seeking havens and opportunity. Bitcoin emerged in the last week as a surprising performer, volatile and yet ultimately resilient during equity and bond drawdowns.
CoinShares Bitcoin Miners ETF shares have plummeted nearly 40% in two months, significantly under-performing both the US equity market and Bitcoin. Miner volume share has spiked to 15% in 2023, highlighting a shift in Bitcoin adoption and a lack of on-chain usage. Despite Bitcoin's price correction, the global hash rate continues to rise, exacerbating the economic challenges for miners due to decreasing block subsidies.
Bitcoin was a hot topic at the recently concluded Exchange conference in Las Vegas. So I connected with Matthew Kimmel, digital assets research analyst at CoinShares, to learn more.
For some investors, owning individual bitcoin mining equities can be a double-edged sword. On one hand, these stocks, like bitcoin itself, can be volatile and prone to significant percentage moves in short time frames.