CoinShares Valkyrie Bitcoin Miners ETF (WGMI)
Valkyrie
Spot
About CoinShares Valkyrie Bitcoin Miners ETF
CoinShares Valkyrie Bitcoin Miners ETF is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.
CoinShares Valkyrie Bitcoin Miners ETF Fund Details
Expense Ratio
0.75%
About The Fund
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
CoinShares Valkyrie Bitcoin Miners ETF Information
| Ticker Symbol | WGMI |
| Issuer | Valkyrie |
| Expense Ratio | 0.75% |
| Fund Type | Spot |
| Custodian | The Bank of New York Mellon |
| Bitcoin Only | No |
| Fund Inception | 2022-02-08 |
| Regulator | Jersey Financial Services Commission (JFSC) |
Investment Strategy
Bitcoin Miners
Market Performance
YTD Return
+30.44%
1 Year Return
+202.54%
Avg Volume
529,578
About Valkyrie
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.
Compare CoinShares Valkyrie Bitcoin Miners ETF with Other ETFs
- All Bitcoin ETFs - Compare funds
- Treasury Companies - Corporate BTC holdings
- Bitcoin Exchanges - Buy Bitcoin directly
- ETF Guides - Educational content