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
$ 257.8 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 | 11.7 % |
| NEBIUS GROUP NV | 7.2 % |
| IREN LTD | 6.1 % |
| HUT 8 CORP | 6.0 % |
| KEEL INFRASTRUCTURE CORP | 5.7 % |
| AEROHIVE NETWORKS INC | 5.3 % |
| RIOT BLOCKCHAIN INC | 5.2 % |
| TERAWULF INC. | 4.8 % |
| WHITEFIBER INC | 4.7 % |
| CHRONOSCALE HOLDINGS CORP | 4.7 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 841 |
| Wgt avg mkt cap (mns) | $150,124 |
| Large cap (>$10bn) | 53.6% |
| Mid cap ($2-10bn) | 22.6% |
| Small cap (<$2bn) | 13.7% |
| Developed mkts. | 90.4% |
| Emerging mkts. | 1.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 65.4 % |
 |
CANADA | 11.7 % |
 |
NETHERLANDS | 7.2 % |
 |
AUSTRALIA | 6.1 % |
 |
TAIWAN | 0.8 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.4% | 40.4% | 55.6% | 54.2% | -- | -- | -- | 11.5% |
| Dividend Yield | 0.0% | 0.0% | 0.2% | 0.3% | -- | -- | -- | 0.1% |
| Total Returns | 12.4% | 40.4% | 55.8% | 54.5% | -- | -- | -- | 11.6% | Ann. Volatility | 84.9% | 84.3% | 82.3% | 83.1% | -- | -- | -- | 82.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.56 | 29% |
| MSCI EAFE | 2.48 | 21% |
| MSCI Emg Mkts | 2.04 | 36% |
Liquidity Measures
| Avg. volume (000) | 635 |
| ADV traded (mns) | $29 |
| Turnover | 11.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $52.09 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -2.36/-2.44 |
| Bollinger Bands (Upper/Lower) | $58.59/$43.23 |
| Short interest (% of AUM) | 15.6% |
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 | 55.3% | -16 bp | +1.0% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 44.3% | +10 bp | +1.7% |
| BKCH | Global X Blockchain ETF | 44.1% | -25 bp | +0.2% |
| DAPP | VanEck Digital Transformation ETF | 39.5% | -25 bp | +3.6% |
| IBLC | iShares Blockchain and Tech ETF | 36.5% | -28 bp | +2.3% |
| BLCK | Corgi Crypto Infrastructure ETF | 35.7% | -40 bp | +1.5% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 30.5% | -36 bp | +2.4% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 27.1% | -14 bp | +2.0% |
| BLOK | Amplify Transformational Data Sharing ETF | 22.0% | 0 bp | +3.7% |
| WTRE | WisdomTree New Economy Real Estate Fund | 17.4% | -17 bp | +3.5% |
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 9/4/2026
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
-3.6%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 734 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 -3.1 standard
deviations above the category average. This places WGMI in the 1st percentile
among funds in the category.
Sell-Side Consensus
$79.19
PRICE TARGET
+72.0%
UPSIDE