WGMI - ETF AI Analysis
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Valkyrie Bitcoin Miners ETF (WGMI)
Rating:48Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing solid momentum over the longer recent period despite short-term swings.
Top Holdings Showing Strong Gains
Several of the largest positions, including major bitcoin mining and infrastructure names, have posted strong year-to-date performance, helping drive the fund’s returns.
Sector Diversification Within Theme
While focused on bitcoin miners, the fund spreads its exposure across financial, technology, and other sectors, which can help reduce the impact if one sector stumbles.
Negative Factors
High Concentration in a Few Stocks
A small number of holdings make up a large share of the portfolio, so problems at those companies could significantly affect the ETF’s value.
Short-Term Volatility
The ETF has recently experienced a weak one-month stretch, highlighting that its price can move sharply over short periods.
Single-Country and Niche Focus
With almost all assets in U.S.-listed bitcoin mining and related companies, the fund offers limited geographic diversification and is highly sensitive to the crypto mining industry’s ups and downs.
WGMI vs. SPDR S&P 500 ETF (SPY)
AUM293.62M
RegionGlobal
Expense Ratio0.75%
Beta2.58
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. Volume471,477
30 Day Avg. Volume643,296
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
84.97Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering28
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
WGMI Summary
The Valkyrie Bitcoin Miners ETF (WGMI) is a themed fund that invests in companies that run the computers powering the Bitcoin network. Instead of buying Bitcoin directly, you’re buying shares of businesses that mine Bitcoin and support blockchain technology in the U.S. Its holdings include well-known Bitcoin mining names like Riot Platforms and Marathon Digital–style companies, giving you focused exposure to the crypto infrastructure space. Someone might invest for potential high growth tied to rising interest in Bitcoin, but this ETF is very volatile and can swing sharply up or down with Bitcoin prices and the broader 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 essentially a leveraged bet on the Bitcoin mining ecosystem, with a heavy tilt toward tech and crypto infrastructure names. Cipher Mining and Hut 8 have been losing steam lately, acting as a headwind, while Nebius Group and CoreWeave are two of the brighter spots, rising on optimism around cloud and AI-related deals. IREN sits in the middle with mixed signals, helping at times but not enough to offset the laggards. Although the fund is globally focused, its fate is tightly tied to a small cluster of volatile, crypto-linked stocks.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Cipher Digital | 12.68% | $36.01M | $6.94B | 42.95% | 56 Neutral | |
| Nebius Group | 7.07% | $20.06M | $56.92B | 131.61% | 46 Neutral | |
| Hut 8 | 6.81% | $19.35M | $11.07B | 146.82% | ― | |
| IREN | 6.36% | $18.07M | $16.77B | 19.71% | 64 Neutral | |
| Keel Infrastructure | 6.02% | $17.11M | $2.10B | 12.81% | 46 Neutral | |
| Riot Platforms | 5.51% | $15.65M | $7.64B | 24.96% | 68 Neutral | |
| HIVE Digital Technologies | 5.20% | $14.78M | $804.06M | -19.01% | 55 Neutral | |
| TeraWulf Inc | 4.89% | $13.89M | $7.68B | 47.45% | 50 Neutral | |
| Cleanspark | 4.55% | $12.91M | $3.28B | -1.98% | 73 Outperform | |
| CoreWeave | 4.50% | $12.77M | $45.97B | -34.20% | 51 Neutral |
WGMI Technical Analysis
Positive
―
Price Trends
48.50
Positive
54.93
Negative
48.71
Positive
Market Momentum
-0.60
Negative
54.98
Neutral
50.19
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 45.51, equal to the 50-day MA of 48.50, and equal to the 200-day MA of 48.71, indicating a bullish trend. The MACD of -0.60 indicates Negative momentum. The RSI at 54.98 is Neutral, neither overbought nor oversold. The STOCH value of 50.19 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
49.50
5.53
12.58%
CCNR
CoreCommodity Natural Resources ETF
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TURF
T. Rowe Price Natural Resource ETF
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ILDR
First Trust Innovation Leaders ETF
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FDTX
Fidelity Disruptive Technology ETF
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TMAT
Main Thematic Innovation 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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