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About CoinShares Valkyrie Bitcoin Miners ETF
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Inception date
Feb 7, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Valkyrie Funds LLC
Distributor
ALPS Distributors, Inc.
WGMI is an actively managed fund that invests in companies that derive 50% of their income from mining bitcoin, providing specialized chips, hardware and software or other services to companies in the bitcoin mining industry. This fund will not invest, directly or indirectly, in physical bitcoin or bitcoin future contracts. Equity securities included in the fund are common stocks and ADRs listed in global exchanges, which can be USD or non-USD denominated. In selecting eligible companies, the adviser evaluates companies individually and chooses those they believe are well positioned to succeed and provide the best opportunity for capital appreciation. The adviser also considers ESG factors, which tilts the portfolio to those that have sustainable business models and use renewable energy in bitcoin mining operations. The fund is non-diversified and may invest significantly in a specific industry. Effective Oct. 31, 2024, due to an acquisition, WGMI incorporated CoinShares in its name.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Stocks99.17%
Technology Services89.30%
Electronic Technology6.00%
Commercial Services3.87%
Bonds, Cash & Other0.83%
Cash0.83%
Stock breakdown by region
North America76.42%
Oceania17.13%
Asia6.31%
Europe0.14%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
WGMI invests in stocks. The fund's major sectors are Technology Services, with 89.30% stocks, and Electronic Technology, with 6.00% of the basket. The assets are mostly located in the North America region.
WGMI top holdings are Core Scientific Inc and IREN Limited, occupying 17.05% and 16.99% of the portfolio correspondingly.
WGMI last dividends amounted to 0.05 USD. The year before, the issuer paid 0.06 USD in dividends, which shows a 11.53% decrease.
WGMI assets under management is 157.38 M USD. It's fallen 5.01% over the last month.
WGMI fund flows account for 59.22 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, WGMI pays dividends to its holders with the dividend yield of 0.27%. The last dividend (Dec 31, 2024) amounted to 0.05 USD. The dividends are paid annually.
WGMI shares are issued by Coinshares International Ltd. under the brand CoinShares. The ETF was launched on Feb 7, 2022, and its management style is Active.
WGMI expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
WGMI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WGMI invests in stocks.
WGMI price has risen by 5.33% over the last month, and its yearly performance shows a −20.12% decrease. See more dynamics on WGMI price chart.
NAV returns, another gauge of an ETF dynamics, showed a 25.56% increase in three-month performance and has decreased by −18.42% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 25.56% increase in three-month performance and has decreased by −18.42% in a year.
WGMI trades at a premium (0.21%) meaning the ETF is trading at a higher price than the calculated NAV.