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Upturn AI SWOT - About
Valkyrie Bitcoin Miners ETF (WGMI)
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Upturn Advisory Summary
07/03/2025: WGMI (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 179.13% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 07/03/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 11.09 - 31.82 | Updated Date 06/29/2025 |
52 Weeks Range 11.09 - 31.82 | Updated Date 06/29/2025 |
Upturn AI SWOT
Valkyrie Bitcoin Miners ETF
ETF Overview
Overview
The Valkyrie Bitcoin Miners ETF (WGMI) seeks to provide investment results that correspond generally to the performance, before fees and expenses, of the Bitcoin mining industry. It focuses on companies that derive at least 50% of their revenue or net profit from Bitcoin mining operations or provide specialized hardware, software, or other services to such operations.
Reputation and Reliability
Valkyrie is a relatively new player in the ETF market but has gained recognition for its innovative crypto-related ETF offerings.
Management Expertise
Valkyrie's management team possesses expertise in digital assets and ETF structuring.
Investment Objective
Goal
To provide investment results that correspond generally to the performance, before fees and expenses, of publicly traded companies engaged in the Bitcoin mining industry.
Investment Approach and Strategy
Strategy: The ETF employs a passive management investment strategy designed to track the performance of the Bitcoin mining industry.
Composition The ETF primarily holds stocks of companies involved in Bitcoin mining.
Market Position
Market Share: Data not readily available to provide an accurate estimate of market share as it fluctuates.
Total Net Assets (AUM): 58479304.14
Competitors
Key Competitors
- BITKRAFT Blockchain Technologies ETF (BTCR)
- VanEck Digital Transformation ETF (DAPP)
- Global X Blockchain ETF (BKCH)
- Digital Assets ETF (DAPP)
Competitive Landscape
The Bitcoin mining ETF market is moderately competitive, with several ETFs vying for investor capital. WGMI's competitive advantage stems from its focus on pure-play Bitcoin mining companies. Disadvantages include the inherent volatility of the Bitcoin market and dependence on the success of Bitcoin mining operations.
Financial Performance
Historical Performance: Historical performance data should be obtained from reputable financial data providers. As of close of market June 17, 2024. YTD: -20.01%.
Benchmark Comparison: The ETF's performance should be compared to a relevant benchmark index for Bitcoin mining companies to assess its tracking efficiency.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
The ETF's liquidity, measured by average trading volume, is moderate, indicating sufficient ease of buying and selling shares.
Bid-Ask Spread
The bid-ask spread is generally tight for this ETF, suggesting reasonable transaction costs for investors.
Market Dynamics
Market Environment Factors
Economic indicators, Bitcoin price fluctuations, regulatory developments, and technological advancements influence WGMI.
Growth Trajectory
The ETF's growth trajectory is closely tied to the adoption and price performance of Bitcoin, as well as the profitability of Bitcoin mining operations.
Moat and Competitive Advantages
Competitive Edge
WGMI's advantage lies in its focused exposure to Bitcoin mining companies, allowing investors to directly participate in the growth of the Bitcoin network. Its management team's expertise in digital assets further strengthens its position. However, this focused approach also exposes it to the specific risks associated with Bitcoin mining, such as regulatory changes and energy costs. Additionally, WGMI has a higher concentration compared to other broad-based tech ETFs.
Risk Analysis
Volatility
WGMI exhibits high volatility due to its concentration in the Bitcoin mining industry, which is inherently subject to price swings and regulatory uncertainty.
Market Risk
The ETF is susceptible to market risk arising from fluctuations in Bitcoin prices, regulatory changes affecting Bitcoin mining, and technological advancements in the industry.
Investor Profile
Ideal Investor Profile
The ideal investor profile is an aggressive investor who is seeking high potential growth and is comfortable with a high degree of volatility and risk in the digital asset market.
Market Risk
WGMI is more suitable for active traders or investors with a high-risk tolerance seeking exposure to the Bitcoin mining sector rather than long-term investors.
Summary
Valkyrie Bitcoin Miners ETF provides exposure to companies involved in Bitcoin mining. Its performance is closely tied to the price of Bitcoin and the profitability of Bitcoin mining activities. As the first ETF focusing on the bitcoin mining industry, WGMI carries higher volatility. This ETF suits investors with high-risk tolerance seeking potential growth in the Bitcoin mining sector. Its expense ratio is 0.75%.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Valkyrie Funds Website
- ETF.com
- Bloomberg
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Valkyrie Bitcoin Miners ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively-managed exchange-traded fund ("ETF") that will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. It will not directly invest in bitcoin, or indirectly through the use of derivatives or through investments in funds or trusts that hold bitcoin. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.