Valkyrie Bitcoin Miners Etf Profile
| WGMI Etf | USD 14.80 0.18 1.20% |
PerformanceVery Weak
| Odds Of DistressQuite High
|
Valkyrie Bitcoin is trading at 14.80 as of the 21st of March 2025. This is a 1.2 percent decrease since the beginning of the trading day. The etf's open price was 14.98. Valkyrie Bitcoin has more than 65 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. The performance scores are derived for the period starting the 21st of December 2024 and ending today, the 21st of March 2025. Click here to learn more.
The fund is an actively-managed exchange-traded fund that will invest at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their revenue or profits from bitcoin mining operations andor from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. The company has 94.01 M outstanding shares. More on Valkyrie Bitcoin Miners
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Valkyrie Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs, Digital Assets, Valkyrie ETF Trust II (View all Sectors) |
| Issuer | Valkyrie Funds |
| Inception Date | 2022-02-07 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 127.3 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Valkyrie Funds LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Steven McClurg, Bill Cannon, Austin Wen, Ryan Dofflemeyer |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 30-Sep |
| Exchange | NASDAQ |
| Number of Constituents | 18.0 |
| Market Maker | Jane Street |
| Total Expense | 0.75 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (32.49) |
| Name | Valkyrie Bitcoin Miners ETF |
| Currency Code | USD |
| Open Figi | BBG0155N9QB2 |
| In Threey Volatility | 97.38 |
| 1y Volatility | 70.06 |
| 200 Day M A | 21.5543 |
| 50 Day M A | 20.6816 |
| Code | WGMI |
| Updated At | 20th of March 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.24 |
| Type | ETF |
Valkyrie Bitcoin Miners [WGMI] is traded in USA and was established 2022-02-07. The fund is listed under Digital Assets category and is part of Valkyrie ETF Trust II family. The entity is thematically classified as Theme ETFs. Valkyrie Bitcoin Miners at this time have 2.46 M in net assets. , while the total return for the last 3 years was -16.4%.
Valkyrie Bitcoin Miners currently holds about 6.96 M in cash with (1.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07.
Check Valkyrie Bitcoin Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Valkyrie Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Valkyrie Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Valkyrie Bitcoin Miners Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Valkyrie Bitcoin Miners Etf Constituents
| RIOT | Riot Blockchain | Stock | Information Technology | |
| APLD | Applied Digital | Stock | Information Technology | |
| NVDA | NVIDIA | Stock | Information Technology | |
| CORZ | Core Scientific, Common | Stock | Information Technology | |
| MARA | Marathon Digital Holdings | Stock | Information Technology | |
| CIFR | Cipher Mining | Stock | Financials | |
| CLSK | CleanSpark | Stock | Information Technology | |
| WULF | Terawulf | Stock | Financials |
Valkyrie Bitcoin Miners Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Valkyrie Bitcoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.44) |
Valkyrie Bitcoin Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Valkyrie Bitcoin Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of Valkyrie Bitcoin Miners is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.