WGMI - ETF AI Analysis
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Valkyrie Bitcoin Miners ETF (WGMI)
Rating:56Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and over the past month, indicating positive recent momentum.
Top Holdings with Solid Gains
Several of the largest positions, including TeraWulf, Hut 8, Core Scientific, and Riot Platforms, have delivered strong year-to-date performance, helping drive the fund’s returns.
Focused but Somewhat Diversified by Country and Sector
While mainly invested in U.S. financial and technology names, the fund also includes Canadian exposure and smaller positions in other sectors, adding a bit of diversification within its niche.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Concentrated in a Few Bitcoin Mining Stocks
A large share of assets is tied up in a small number of bitcoin mining companies, which increases the impact if any of these individual stocks run into trouble.
Heavy U.S. and Sector Concentration
With most holdings in U.S.-based financial and technology companies, the ETF is heavily exposed to swings in those markets and sectors rather than being broadly diversified across the global economy.
WGMI vs. SPDR S&P 500 ETF (SPY)
AUM394.43M
RegionGlobal
Expense Ratio0.75%
Beta2.83
IssuerCoinShares
Inception DateFeb 07, 2022
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume609,851
30 Day Avg. Volume531,643
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
79.24Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
WGMI Summary
The Valkyrie Bitcoin Miners ETF (WGMI) is a themed fund that focuses on companies involved in Bitcoin mining and the infrastructure that supports the Bitcoin network, mainly in the U.S. and Canada. Instead of buying Bitcoin directly, investors get exposure to the businesses that run the computers and facilities behind it. Well-known holdings include Riot Platforms and Marathon Digital (MARA). Someone might invest for potential high growth tied to the long-term adoption of Bitcoin and blockchain. However, this ETF is very concentrated in Bitcoin-related stocks, so its price can swing sharply up and down with the crypto market.
How much will it cost me?The Valkyrie Bitcoin Miners ETF (WGMI) has an expense ratio of 0.75%, which means you’ll pay $7.50 per year for every $1,000 invested. This is higher than average because it is actively managed and focuses on a niche sector like Bitcoin mining, which requires specialized research and management.
What would affect this ETF?The Valkyrie Bitcoin Miners ETF (WGMI) could benefit from increased adoption of Bitcoin and blockchain technology, as well as advancements in energy-efficient mining practices, which may reduce costs for its top holdings. However, it faces risks from potential regulatory changes targeting cryptocurrency, fluctuating Bitcoin prices, and rising energy costs that could negatively impact mining profitability.
WGMI Top 10 Holdings
WGMI is a high-octane bet on Bitcoin miners, with performance largely steered by a handful of fast-moving names. Cipher Mining and IREN sit in the driver’s seat, with Cipher rising recently while IREN’s results look more mixed, giving the fund both lift and wobble. TeraWulf, Core Scientific, and Riot Platforms are also climbing, helping offset weaker or choppier action from Bitdeer and Cleanspark. The portfolio is tightly clustered around crypto-focused tech and financial names, mostly listed in North America, making this a very concentrated play on the Bitcoin mining theme.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Cipher Mining | 15.41% | $59.29M | $7.97B | 502.80% | 56 Neutral | |
| IREN | 13.62% | $52.40M | $18.81B | 525.65% | 64 Neutral | |
| TeraWulf Inc | 9.61% | $36.97M | $10.72B | 460.39% | 50 Neutral | |
| Core Scientific Inc | 7.11% | $27.35M | $7.37B | 129.18% | 46 Neutral | |
| Keel Infrastructure | 6.15% | $23.66M | $2.55B | 325.69% | 46 Neutral | |
| Hut 8 | 6.14% | $23.63M | C$14.98B | 511.05% | 56 Neutral | |
| Riot Platforms | 5.71% | $21.96M | $8.95B | 173.71% | 68 Neutral | |
| Applied Digital Corporation | 5.48% | $21.07M | $11.29B | 541.98% | 54 Neutral | |
| MARA Holdings | 5.11% | $19.66M | $5.01B | -13.42% | 64 Neutral | |
| Cleanspark | 4.72% | $18.16M | $3.95B | 59.68% | 73 Outperform |
WGMI Technical Analysis
Positive
―
Price Trends
46.48
Positive
44.75
Positive
43.91
Positive
Market Momentum
3.51
Positive
65.59
Neutral
57.82
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For WGMI, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 54.61, equal to the 50-day MA of 46.48, and equal to the 200-day MA of 43.91, indicating a bullish trend. The MACD of 3.51 indicates Positive momentum. The RSI at 65.59 is Neutral, neither overbought nor oversold. The STOCH value of 57.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WGMI.
WGMI Peer Comparison
Comparison Results
Performance Comparison
WGMI
Valkyrie Bitcoin Miners ETF
61.93
43.69
239.53%
MGNR
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AGIX
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BITQ
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ALAI
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CCNR
CoreCommodity Natural Resources ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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