WGMI
Valkyrie Bitcoin Miners ETF
WGMI provides active exposure to companies that derive at least 50% of their revenue from bitcoin mining operations and/or services related to bitcoin mining.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 408.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Feb 07, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CIPHER MINING INC | 14.7 % |
| IREN LTD | 12.4 % |
| TERAWULF INC. | 8.7 % |
| CORE SCIENTIFIC, INC. | 7.1 % |
| KEEL INFRASTRUCTURE CORP | 6.0 % |
| HUT 8 CORP | 5.9 % |
| RIOT BLOCKCHAIN INC | 5.0 % |
| MARATHON DIGITAL HOLDINGS INC | 4.5 % |
| CLEANSPARK, INC. | 4.1 % |
| BITDEER TECHNOLO | 4.0 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 695 |
| Wgt avg mkt cap (mns) | $159,158 |
| Large cap (>$10bn) | 4.6% |
| Mid cap ($2-10bn) | 78.4% |
| Small cap (<$2bn) | 8.6% |
| Developed mkts. | 88.5% |
| Emerging mkts. | 1.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 62.7 % |
 |
AUSTRALIA | 12.4 % |
 |
CANADA | 11.8 % |
 |
NETHERLANDS | 1.5 % |
 |
TAIWAN | 0.6 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.9% | 252.1% | 85.3% | 66.2% | -- | -- | -- | 15.5% |
| Dividend Yield | 0.0% | 0.0% | 0.2% | 0.3% | -- | -- | -- | 0.2% |
| Total Returns | 25.9% | 252.1% | 85.5% | 66.5% | -- | -- | -- | 15.7% | Ann. Volatility | 81.5% | 75.4% | 80.0% | 81.7% | -- | -- | -- | 82.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.38 | 31% |
| MSCI EAFE | 2.13 | 17% |
| MSCI Emg Mkts | 2.08 | 26% |
Liquidity Measures
| Avg. volume (000) | 564 |
| ADV traded (mns) | $35 |
| Turnover | 8.6% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $51.07 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 4.20/3.85 |
| Bollinger Bands (Upper/Lower) | $63.27/$42.73 |
| Short interest (% of AUM) | 15.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WGMI |
Expenses vs. WGMI |
ALTAR Score™ vs. WGMI |
|---|---|---|---|---|
| MNRS | Grayscale Bitcoin Miners ETF | 61.4% | -16 bp | +0.6% |
| BKCH | Global X Blockchain ETF | 53.9% | -25 bp | -0.1% |
| DAPP | VanEck Digital Transformation ETF | 50.3% | -25 bp | +2.9% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 50.0% | +10 bp | +1.0% |
| IBLC | iShares Blockchain and Tech ETF | 44.9% | -28 bp | +1.6% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 31.2% | -36 bp | +1.7% |
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 28.5% | +24 bp | +4.6% |
| BLOK | Amplify Transformational Data Sharing ETF | 28.3% | 0 bp | +2.9% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 19.4% | -14 bp | +1.3% |
| BCOR | Grayscale Bitcoin Adopters ETF | 15.3% | -16 bp | +4.9% |
Risk and Returns: WGMI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/24/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
-2.9%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 713 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. WGMI's ALTAR Score™ is approximately -2.8 standard
deviations above the category average. This places WGMI in the 1st percentile
among funds in the category.
Sell-Side Consensus
$78.47
PRICE TARGET
+26.7%
UPSIDE