CoinShares Valkyrie Bitcoin Miners ETF

Overview: The CoinShares Bitcoin Miners ETF (WGMI) is an actively managed ETF listed on Nasdaq, launched on February 8, 2022, by CoinShares Valkyrie, providing exposure to bitcoin mining companies.

Investment Objective: Seeks total return by investing at least 80% of net assets in securities of companies deriving 50% or more of revenue or profits from bitcoin mining or related hardware/software services, per the finance card above.

Expense Ratio: Charges a 0.75% management fee, reflecting active management costs, with no promotional fee waivers reported.

Holdings: Does not invest directly in bitcoin or use derivatives; focuses on equities of North American bitcoin mining firms like CleanSpark, Cipher Mining, and TeraWulf, emphasizing renewable energy users.

Risk Profile: High volatility due to bitcoin price correlation and mining sector risks; not suitable for all investors, with potential for significant loss, and not registered under the Investment Company Act of 1940.

Performance: As of July 25, 2025, WGMI trades at $26.56, with a 1-year return of 23.17%, a 52-week range of $11.09 to $31.89, and a Q2 2025 return of 78.07%, per the finance card above and Yahoo Finance data

Background: Valkyrie Investments is a digital asset-focused investment firm founded in 2021, later acquired by CoinShares.

Products: Specializes in crypto-native investment products including futures and spot Bitcoin ETFs.

Bitcoin ETFs: The CoinShares Valkyrie Bitcoin Fund (BRRR) launched in January 2024.

Acquisition: CoinShares, Europe's largest digital asset investment firm, acquired Valkyrie in 2024 to expand into the U.S. market.

Custody: Uses Coinbase Custody for Bitcoin safekeeping.