VIDEO: ETF of the Week: WGMI
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.
ETF of the Week: CoinShares Valkyrie Bitcoin Miners ETF (WGMI)
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 Crypto Channel.
Bitcoin Reserve Could Be Catalyst, But It Could Take Awhile
The specter of trade wars with some of this country's largest trading partners has been a drag on bitcoin in recent days. That's plagued crypto-correlated stocks in the process.
WGMI: Buy The DeepSeek Meltdown?
The release of DeepSeek-R1 has disrupted Wall Street, challenging the dominance of US-based AI firms with its top rankings in app stores. DeepSeek's development cost was reportedly under $6 million, raising concerns about the competitive edge of US tech firms and future capex on AI LLMs. WGMI has significant exposure to Bitcoin mining companies that are either already growing or planning to grow revenue from AI/HPC services.
WGMI: The Bitcoin Mining ETF Pares 2024 Gains, Eyeing An Entry Idea
Bitcoin's historical seasonality shows strong returns from December through February, with a median December gain of 8.6%, supporting optimism for a year-end rally. The CoinShares Valkyrie Bitcoin Miners ETF could benefit from Bitcoin's potential rally, though it currently faces overbought conditions and high volatility. WGMI's portfolio is concentrated, with 50% in its top four holdings, and has a high P/E ratio of 37.5, suggesting caution.
Bitcoin Mining ETF (WGMI) Hits New 52-Week High
For investors seeking momentum, CoinShares Valkyrie Bitcoin Miners ETF WGMI is probably on the radar. The fund just hit a 52-week high and has soared 238% from its 52-week low of $8.91 per share.
Bitcoin Mining ETF WGMI Sees Performance Accelerate
One of the biggest trends looking back on 2024, crypto ETFs, may not be done for the year yet. Spot bitcoin ETFs arrived to broad celebration across the ETF landscape following months and months of regulatory discourse.
Bitcoin Mining 101: Understanding the Floor Hashprice
Getting into Bitcoin? The cryptocurrency may be seeing increased interest with U.S. elections on the horizon.
As Spot Bitcoin Bullishness Grows, Look to Bitcoin Miners' Durability
Spot bitcoin ETFs exploded onto the scene this year. Since the start of the year, the price of bitcoin has risen from about $42,000 to more than $60,000 as spot strategies have grown.
WGMI: Top 10 Holdings Tell The Tale
The mining economics of validating Bitcoin transactions have deteriorated since the April block reward halving. Hash price continues to make new lows. WGMI is an actively managed ETF that aims to offer investors broad exposure to the Bitcoin mining industry. The fund has high turnover and concentration compared with other crypto-equity ETFs.
