CoinShares Bitcoin Mining ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About WGMI
TheFund is an actively-managed exchange-traded fund (“ETF”) that will invest at least 80% of its net assets (plusborrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoinmining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoinmining. The Fund will not directly invest in bitcoin, or indirectly through the use of derivatives or through investments infunds or trusts that hold bitcoin. Valkyrie Funds LLC (“Valkyrie” or the “Adviser”)serves as the Fund’s investment adviser and Vident Advisory, LLC (d/b/a Vident Asset Management) (“Vident”or the “Sub-Adviser”) serves as the Fund’s investment sub-adviser. TheFund’s selection universe includes common stock and American Depositary Receipts (“ADRs”) listed on globalsecurities exchanges, including U.S. dollar denominated and non-U.S. dollar denominated securities issued by U.S. and non-U.S.companies, including companies operating in emerging market countries (as defined by the FTSE Emerging Index). The Fund may alsoinvest no more than 5% of the Fund’s net assets in the debt instruments of bitcoin mining companies. A significant portionof the Fund’s investments may be in issuers with small market capitalizations. The Adviser evaluates all companies comprisingthe selection universe and identifies eligible bitcoin mining companies. From these companies, the Fund will invest at least 80%of its net assets in those bitcoin mining companies that the Adviser believes are well positioned to succeed and provide the bestopportunity for capital appreciation. The Fund may also invest up to 20% of its net assets in companies that (i) hold a significantportion of their net assets in bitcoin on their balance sheet as can be reasonably determined by the company’s annual filings(e.g., filings on Form 10-K or foreign equivalents) from the past 12 months; and/or (ii) derive a significant portion of theirrevenue or profits directly from mining, lending, transacting in bitcoin, or manufacturing bitcoin mining equipment as can bereasonably determined by the company’s annual filings from the past 12 months. Bitcoinis a digital asset, sometimes referred to as a digital currency or a “cryptocurrency.” The ownership and behaviorof bitcoin is determined by participants in an online, peer-to-peer network that connects computers that run publicly accessible,or “open source,” software that follows the rules and procedures governing the Bitcoin Network. The Bitcoin Networkis a peer-to-peer payment network that operates on a cryptographic protocol, commonly referred to as the “Bitcoin Protocol.”The value of bitcoin is not backed by any government, corporation or other identified body. Its value is determined, in part,by the supply and demand in markets created to facilitate the trading of bitcoin. Ownership and the ability to transfer or takeother actions with respect to bitcoin is protected through public-key cryptography. Public-key cryptography, or asymmetric cryptography,is an encryption scheme that uses two mathematically related, but not identical, keys — a public key and a private key.Unlike symmetric key algorithms that rely on one key to both encrypt and decrypt, each key performs a unique function. The publickey is used to encrypt and the private key is used to decrypt. Thesupply of bitcoin is constrained formulaically by the Bitcoin Protocol instead of being explicitly delegated to an identifiedbody (e.g., a central bank or corporate treasury) to control. Units of bitcoin are treated as mutually interchangeable (i.e.,fungible). No single entity owns or operates the Bitcoin Network, which is collectively maintained by (1) a decentralized groupof participants who run computer software that results in the recording and validation of transactions (commonly referred to as“miners”), (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces the BitcoinProtocol and (3) users who choose what bitcoin software to run. From time to time, the developers suggest changes to the bitcoinsoftware, and if a sufficient number of users and miners elect not to adopt the changes, a new digital asset, operating on theearlier version of the bitcoin software, may be created, commonly referred to as a “fork”. The price of the bitcoin,including companies in which the Fund invests that have exposure to bitcoin, may reflect the impact of these forks. Bitcoin wasreleased in 2009 and there is little data on its long-term investment potential. Bitcoin is not backed by a government-issuedlegal tender or other assets or currency. Bitcoinmay be regarded as a currency or digital commodity depending on its specific use in particular transactions. Bitcoin may be usedas a medium of exchange or unit of account. Although a number of large and small retailers accept bitcoin as a form of paymentin the United States and foreign markets, there is relatively limited use of bitcoin for commercial and retail payments. Similarly,bitcoin may be used as a store of value (i.e., an asset that maintains its value rather than depreciating), although it has experiencedsignificant periods of price volatility. Theprocess by which bitcoins are created and bitcoin transactions are verified is called mining. To begin mining, a user, or “miner,”uses a bitcoin application-specific integrated circuit (ASIC) to access the mining client that is embedded in the ASIC firmware,and which, like regular Bitcoin Network software, turns the user’s computer into a “node” on the Bitcoin Networkthat validates blocks. Each time transactions are validated and bundled into new blocks added to the Blockchain, the Bitcoin Networkawards the miner solving such blocks with newly issued bitcoin and any transaction fees paid by bitcoin transaction senders. Thisreward system is the method by which new bitcoins enter into circulation to the public. Over time, the size of the fixed rewardof new bitcoin decreases, and miners increasingly rely on transaction fees to compensate them for exerting computational powerin solving blocks. Eachblock contains the details of some or all of the most recent transactions that are not memorialized in prior blocks, as well asa record of the award of bitcoins to the miner who solved the new block. In order to add blocks to the Blockchain, a miner mustmap an input data set (i.e., the Blockchain, plus a block of the most recent Bitcoin Network transactions and an arbitrarynumber called a “nonce”) to a desired output data set of a predetermined length (the “hash value”) usingthe SHA 256 cryptographic hash algorithm. Cryptographic hash algorithms operate as a “signature” for a text or datafile, with the SHA 256 cryptographic hash algorithm generating an almost unique 256-bit signature for a text. Each unique blockcan only be solved and added to the Blockchain by one miner; therefore, all individual miners and mining pools on the BitcoinNetwork are engaged in a competitive process of constantly increasing their computing power to improve their likelihood of solvingfor new blocks. If two miners solve the same block at the same time, the miner whose transaction is broadcast and propagated firstwins. As more miners join the Bitcoin Network and its processing power increases, the Bitcoin Network adjusts the complexity ofthe block solving equation to maintain a predetermined pace of adding a new block to the Blockchain approximately every ten minutes.The complexity of the bitcoin solving equation is known as difficulty. Inaddition, the competitiveness in bitcoin mining has increased such that traditional central processing units (CPUs), graphicsprocessing units (GPUs) and field programmable gate arrays (FPGAs) are no longer competitive. Miners must invest in ASICs in orderto compete. The Fund will invest in companies that provide this and other specialized hardware, software and services for bitcoinmining. TheFund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”).The Fund’s investments will be concentrated in the industry or group of industries comprising the information technologysector.
WGMI News
- Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure
- Riot Platforms and MARA Drop 6%, CleanSpark Sinks 5% as Strategy Sells Bitcoin, Shares
- Riot Platforms and MARA Drop 6%, CleanSpark Sinks 5% as Strategy Sells Bitcoin, Shares
- MARA Holdings Falls 7%, Cipher Mining Drops 6%, TeraWulf Slides 4% as Q2 Losses Outweigh Bitcoin’s $65K Push
- MARA Holdings Falls 7%, Cipher Mining Drops 6%, TeraWulf Slides 4% as Q2 Losses Outweigh Bitcoin’s $65K Push
- How Valkyrie Bitcoin Miners Etf (WGMI) Affects Rotational Strategy Timing
- TeraWulf and Cipher Digital Are up 50% in 2026 While IREN Lags Behind. Is It Time to Buy IREN for a Catch-Up Trade?
- Top-Performing ETF Areas of Last Week
- TeraWulf and Cipher Digital Drop Even As Wall Street Hikes Targets Above $30: Best Setup for 2026?
- (WGMI) and the Role of Price-Sensitive Allocations
- Hut 8 Jumps 10% on $9.8B AI Data Center Lease; MARA, Riot Platforms Rally in Sympathy
- (WGMI) and the Role of Price-Sensitive Allocations
Data for WGMI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.