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WGMI - ETF AI Analysis
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Valkyrie Bitcoin Miners ETF (WGMI)
Rating:55Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several of the largest positions, such as IREN and Cipher Mining, have delivered strong year-to-date performance, driving the ETF’s overall returns.
Focused Sector Exposure
The ETF’s heavy allocation to the financial and technology sectors aligns with the growth potential of Bitcoin mining and blockchain industries.
Solid Year-to-Date Performance
The ETF has shown strong year-to-date gains, indicating positive momentum in its underlying holdings.
Negative Factors
High Concentration in Top Holdings
The top two holdings make up over 35% of the portfolio, increasing the risk of underperformance if these companies face challenges.
Limited Geographic Diversification
With over 93% exposure to U.S. companies, the ETF lacks global diversification, making it sensitive to domestic market conditions.
Relatively High Expense Ratio
The ETF charges a higher expense ratio compared to many other funds, which could eat into investor returns over time.
WGMI vs. SPDR S&P 500 ETF (SPY)
AUM284.44M
RegionGlobal
Expense Ratio0.75%
Beta2.71
IssuerCoinShares
Inception DateFeb 07, 2022
Dividend Yield0.11%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume488,710
30 Day Avg. Volume850,518
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
78.53Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
WGMI Summary
The Valkyrie Bitcoin Miners ETF (WGMI) is a fund that focuses on companies involved in Bitcoin mining, which is the process of validating transactions on the Bitcoin network. This ETF includes well-known companies like Riot Platforms and Cipher Mining, giving investors exposure to the growing cryptocurrency infrastructure without directly owning Bitcoin. It’s a way to invest in the digital economy and blockchain technology, which are rapidly gaining global attention. However, new investors should know that WGMI’s performance is closely tied to the volatile cryptocurrency market, meaning its value can rise or fall significantly depending on Bitcoin’s price and industry trends.
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
The Valkyrie Bitcoin Miners ETF (WGMI) is heavily concentrated in the financial and technology sectors, with a global mix of Bitcoin mining companies driving its performance. Leading the charge is IREN, which shows steady growth thanks to strategic partnerships, though cash flow issues temper its momentum. Cipher Mining is rising on strategic advancements but faces profitability concerns. Meanwhile, lagging names like Bitfarms and Core Scientific are holding the fund back, weighed down by bearish trends and financial instability. Overall, WGMI is a niche play on blockchain infrastructure, but its performance hinges on the volatile crypto market.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Cipher Mining | 20.92% | $59.50M | $7.70B | 219.09% | 56 Neutral | |
| IREN | 18.69% | $53.16M | $15.18B | 250.60% | 64 Neutral | |
| Bitfarms | 7.08% | $20.14M | $1.75B | 49.75% | 48 Neutral | |
| TeraWulf Inc | 7.07% | $20.11M | $6.27B | 131.99% | 53 Neutral | |
| Applied Digital Corporation | 6.24% | $17.75M | $8.97B | 266.55% | 54 Neutral | |
| Riot Platforms | 5.65% | $16.07M | $5.56B | 32.28% | 68 Neutral | |
| Core Scientific Inc | 5.64% | $16.03M | $5.48B | 10.28% | 46 Neutral | |
| Hut 8 | 5.59% | $15.90M | C$6.42B | 71.40% | 56 Neutral | |
| Cleanspark | 4.36% | $12.40M | $3.55B | 15.74% | 73 Outperform | |
| HIVE Digital Technologies | 3.56% | $10.13M | $741.99M | -18.53% | 55 Neutral |
WGMI Technical Analysis
Neutral
―
Price Trends
51.47
Negative
41.45
Positive
29.40
Positive
Market Momentum
-1.04
Negative
47.81
Neutral
62.68
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For WGMI, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 44.03, equal to the 50-day MA of 51.47, and equal to the 200-day MA of 29.40, indicating a neutral trend. The MACD of -1.04 indicates Negative momentum. The RSI at 47.81 is Neutral, neither overbought nor oversold. The STOCH value of 62.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WGMI.
WGMI Peer Comparison
Comparison Results
Performance Comparison
WGMI
Valkyrie Bitcoin Miners ETF
45.91
18.08
64.97%
CCNR
CoreCommodity Natural Resources ETF
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ALAI
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TMAT
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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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