CoinShares Bitcoin Mining ETF (WGMI)
Actively managed equity ETF focused on companies deriving at least 50% revenue from Bitcoin mining operations/services – not direct spot Bitcoin holdings.
Key Facts
| Issuer | CoinShares (acquired Valkyrie ETF business) |
|---|---|
| Ticker | WGMI (NASDAQ) |
| Expense Ratio | 0.75% |
| Approx. AUM | $297M – $307M |
| Inception | February 7, 2022 |
| Official Site | CoinShares WGMI Page |
Net Inflows & Outflows
Historical daily/weekly net flows showing investor demand for WGMI (recent mixed with crypto mining sector volatility).
Performance Overview
Returns driven by Bitcoin mining company stocks (correlated to BTC but influenced by halving, energy, difficulty).
ESG & Sustainability Metrics
Estimated ESG ratings for underlying mining companies (focus on renewable energy usage in some holdings).
Pros
- Diversified exposure to Bitcoin mining ecosystem (top miners like IREN, CIFR, HUT)
- Potential upside from BTC price rallies + mining efficiency/halving dynamics
- Actively managed with ESG consideration (favoring sustainable models)
- Regulated equity product with traditional brokerage access
Cons
- **Not direct Bitcoin exposure** – performance tied to mining company profitability (energy costs, difficulty, halving)
- Higher expense ratio (0.75%) than many spot Bitcoin ETFs
- High volatility from mining sector (e.g., post-halving pressures)
- Indirect play with potential divergence from pure BTC price
How to Buy WGMI
Available on all major U.S. brokers including Fidelity, Charles Schwab, Vanguard, Robinhood, eToro, Interactive Brokers, and more. Simply search ticker WGMI.
Not financial advice. Investments in crypto mining equity ETFs like WGMI involve high risk, including volatility from Bitcoin price, mining difficulty, energy costs, and company-specific factors. Data approximate and subject to change; always verify with official sources.