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Valkyrie Bitcoin Miners ETF

Gain exposure to the emerging bitcoin economy with WGMI, an actively managed ETF available through Nasdaq that invests in public companies in the bitcoin mining industry.

Factsheetdownload factsheet
  • 01 – Product
  • 02 – Fund Summary
  • 03 – Performance
  • 04 – Details
Factsheetdownload icon
01Product

Why invest in WGMI?

Direct exposure to bitcoin mining

Gain pure-play access to North America's leading Bitcoin mining industry, a crucial component of the Bitcoin ecosystem. WGMI provides targeted exposure to the companies at the forefront of transaction verification, ensuring transparency and security on the blockchain.

5 things to know about bitcoin miningBlack arrow icon

Traditional, regulated ETF

WGMI is a regulated, actively managed ETF traded on Nasdaq. This structure provides a familiar framework for investors looking to enter the cryptocurrency space without direct exposure to bitcoin.

Built by experts

Managed by industry experts with deep insights into the cryptocurrency and financial sectors, WGMI strategically invests in public companies within the bitcoin mining industry, leveraging expertise in the commercial, technical and operational aspects of bitcoin mining.

Explore WGMI's Product GuideBlack arrow icon

Product ID

  • Ticker
  • ISIN

Key Information

    Documents Available

    • Prospectus
    • SAI
    • Factsheet
    • Annual Report
    • Investment Schedule
    02 FUND SUMMARY

    WGMI Investment Objective

    The Fund provides exposure to companies involved in bitcoin mining operations, and doesn’t invest directly in bitcoin. It invests at least 80% of its net assets in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining.

    Fund Holdings

    Last update:

    WGMI holds the following assets:

    Product nameTickerShares MarketValue

    WGMI Performance

    03 FUND PERFORMANCE

    Premium/Discount

    Ex-date
    Days Traded at NAV
    Days Traded at Premium
    Days Traded at Discount

    Key risks

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. All results are historical and assume the reinvestment of dividends and capital gains. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Any applicable brokerage fees and commissions will reduce returns. Read our full disclosure

    04Details

    Key service providers

    AdministratorUS Bancorp Fund Services LLC
    DistributorALPS Distributors, Inc
    CustodianU.S. Bank, N.A.
    AdvisorValkyrie Funds LLC
    SubAdvisorVident Asset Management

    Buy

    Buy WGMI through your favourite broker

    CoinShares Valkyrie ETFs are available through various channels. Reach out to your Financial Advisor for more information.

    CoinShares Valkyrie, CoinShares Co. and CoinShares Valkyrie ETFs are not affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement. Neither ALPS Distributors Inc. or Paralel Distributors LLC are affiliated with any of the companies listed above.

    People Also Ask

    FAQ

    What is WGMI ETF?

    WGMI ETF is an actively managed exchange-traded fund that invests in public companies involved in the bitcoin mining industry, providing exposure to the sector without directly investing in bitcoin.

    How does WGMI ETF fit into a traditional investment portfolio?

    WGMI ETF offers a way to diversify into the cryptocurrency mining sector through a regulated, Nasdaq-listed ETF, aligning with traditional investment strategies while exploring new industry growth.

    Does the WGMI ETF invest directly in Bitcoin?

    No, the fund does not invest directly in Bitcoin. Instead, it invests in public companies that are actively involved in the mining and infrastructure of Bitcoin.

    What makes WGMI ETF a sustainable investment choice?

    The fund prioritizes companies in the bitcoin mining industry that utilize renewable energy sources such as wind and hydropower, aligning with sustainability initiatives in energy consumption.

    Disclosures & Risks

    Investing involves risks. The loss of principal is possible. The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The fund may not be suitable for all investors. The prospectus contains this and other important information, and it may be obtained at https://coinshares.com/en/d/etf/prospectus/wgmi/. Read it carefully before investing.

    Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Any applicable brokerage fees and commissions will reduce returns.

    Management Risk. The Fund is subject to management risk because it is an actively managed portfolio. The Adviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that the Fund will meet its investment objective.

    Bitcoin Investing Risk. The Fund is indirectly exposed to the risks of investing in bitcoin through its investments in the portfolio companies.

    Bitcoin is a new and highly speculative investment. The risks associated with bitcoin include the following:

    Bitcoin is a new technological innovation with a limited history. There is no assurance that usage of bitcoin will continue to grow. A contraction in use of bitcoin may result in increased volatility or a reduction in the price of bitcoin, which could adversely impact the value of the Fund. The Bitcoin Network was launched in January 2009, platform trading in bitcoin began in 2010, and Bitcoin Futures trading began in 2017, each of which limits a potential shareholder’s ability to evaluate an investment in the Fund.

    The Fund’s investments are exposed to risks associated with the price of bitcoin, which is subject to numerous factors and risks. The price of bitcoin is impacted by numerous factors, including:

    • The total and available supply of bitcoin, including the possibility that a small group of early bitcoin adopters hold a significant proportion of the bitcoin that has thus far been created and that sales of bitcoin by such large holders may impact the price of bitcoin;Global bitcoin demand, which is influenced by the growth of retail merchants’ and commercial businesses’ acceptance of bitcoin as payment for goods and services, the security of online bitcoin exchanges and public bitcoin addresses that hold bitcoin, the perception that the use and holding of bitcoin is safe and secure, the lack of regulatory restrictions on their use, and the reputation regarding the use of bitcoin for illicit purposes;

    • Global bitcoin supply, which is influenced by similar factors as global bitcoin demand, in addition to fiat currency (i.e., government currency not backed by an asset such as gold) needs by miners and taxpayers who may liquidate bitcoin holdings to meet tax obligations;

    • Investors’ expectations with respect to the rate of inflation of fiat currencies and deflation of bitcoin;

    • Foreign exchange rates between fiat currencies and digital assets such as bitcoin;

    • Interest rates;

    • The continued operation of bitcoin exchanges in the United States and foreign jurisdictions, including their regulatory status, trading and custody policies, and cyber security;

    • Investment and trading activities of large investors, including private and registered funds, that may directly or indirectly invest in bitcoin;

    • Regulatory measures, if any, that restrict the use of bitcoin as a form of payment or the purchase or sale of bitcoin, including measures that restrict the direct or indirect participation in the bitcoin market by financial institutions or the introduction of bitcoin instruments;

    • The maintenance and development of the open-source software protocol of the Bitcoin Network;

    • Increased competition from other cryptocurrencies and digital assets, including forks of the Bitcoin Network;

    • Developments in the information technology sector;

    • Global or regional political, economic or financial events and situations;

    • Investor or Bitcoin Network participant sentiments on the value or utility of bitcoin; and

    • The dedication of mining power to the Bitcoin Network and the willingness of bitcoin miners to clear bitcoin transactions for relatively low fees.

    • Negative developments in any of these factors could adversely impact an investment in the Fund.

    This is a new ETF with limited operating history.

    • Cryptocurrencies are subject to unique and substantial risks, including significant price volatility and lack of liquidity. The value of a cryptocurrency may decline significantly without warning, including to zero. 

    • Cryptocurrencies are largely unregulated and cryptocurrency-linked investments may be more susceptible to fraud and manipulation than more regulated investments. 

    • If a fund’s ability to obtain exposure to cryptocurrency-linked investments consistent with their investment objectives is disrupted for any reason, including as a result of a lack of liquidity, volatility, or a disruption in the cryptocurrency or cryptocurrency futures market, or as a result of margin requirements, position limits, or other conditions, factors, or limitations of a particular fund, the fund may not be able to achieve its investment objective and may experience significant losses.

    The Fund is distributed by ALPS Distributors, Inc.