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WGMI - ETF AI Analysis
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Valkyrie Bitcoin Miners ETF (WGMI)
Rating:58Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered strong gains so far this year, showing solid momentum despite some short-term pullbacks.
Top Holdings Showing Strength
Most of the largest positions in the fund have posted strong year-to-date gains, helping drive overall returns.
Growing Asset Base
The fund manages a sizable pool of assets, suggesting healthy investor interest and better trading liquidity.
Negative Factors
High Stock Concentration
The two largest holdings make up a large share of the portfolio, increasing the impact if either company runs into trouble.
Narrow Sector Focus
With most assets in financial-related bitcoin mining companies and limited exposure to other sectors, the fund is heavily tied to one industry’s fortunes.
Relatively High Expense Ratio
The fund’s fee is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost options.
WGMI vs. SPDR S&P 500 ETF (SPY)
AUM369.93M
RegionGlobal
Expense Ratio0.75%
Beta2.77
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. Volume702,644
30 Day Avg. Volume744,261
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
78.67Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering23
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
WGMI Summary
WGMI is the Valkyrie Bitcoin Miners ETF, a fund that focuses on companies involved in Bitcoin mining, a key part of the blockchain and digital currency world. It doesn’t track a traditional index, but instead follows the theme of Bitcoin infrastructure, mainly in the U.S. and Canada. The fund holds well-known mining names like Riot Platforms and Hut 8. Someone might invest for potential high growth if Bitcoin and blockchain continue to expand. A key risk is that these stocks can be very volatile and often move sharply up or down with the price of Bitcoin.
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 essentially a high-octane bet on Bitcoin miners, with performance heavily steered by a few big names. IREN and Cipher Mining sit in the driver’s seat, with IREN in particular rising and giving the fund a strong tailwind, while Cipher’s gains have been more mixed. Hut 8 and Applied Digital are also climbing, helping keep momentum positive. On the flip side, names like Bitdeer and Cleanspark have been lagging, occasionally slamming the brakes. The portfolio is tightly clustered around crypto infrastructure, mostly listed in North America, making it both focused and volatile.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| IREN | 22.53% | $75.20M | $19.65B | 530.66% | 64 Neutral | |
| Cipher Mining | 18.04% | $60.23M | $7.41B | 321.56% | 56 Neutral | |
| Hut 8 | 6.27% | $20.94M | C$9.07B | 201.96% | 56 Neutral | |
| Applied Digital Corporation | 5.68% | $18.96M | $11.56B | 501.20% | 54 Neutral | |
| Core Scientific Inc | 5.12% | $17.08M | $6.18B | 70.07% | 46 Neutral | |
| Bitdeer Technologies | 4.96% | $16.55M | $3.34B | -18.40% | 38 Underperform | |
| Riot Platforms | 4.92% | $16.42M | $6.53B | 56.42% | 68 Neutral | |
| TeraWulf Inc | 4.71% | $15.71M | $6.41B | 223.68% | 50 Neutral | |
| Cleanspark | 4.65% | $15.51M | $3.39B | 31.09% | 73 Outperform | |
| HIVE Digital Technologies | 4.51% | $15.05M | $728.68M | 2.79% | 55 Neutral |
WGMI Technical Analysis
Positive
―
Price Trends
44.24
Positive
47.12
Positive
34.29
Positive
Market Momentum
1.59
Negative
54.27
Neutral
76.69
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 46.91, equal to the 50-day MA of 44.24, and equal to the 200-day MA of 34.29, indicating a bullish trend. The MACD of 1.59 indicates Negative momentum. The RSI at 54.27 is Neutral, neither overbought nor oversold. The STOCH value of 76.69 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
48.74
26.24
116.62%
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ILDR
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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.
Disclaimer
This 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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