Valkyrie Bitcoin Miners ETF (WGMI) News

Big correction. Miners have done really well and so has this ETF. Probably year end profit taking. Lookin for entry! Where is everybody?

Nice close

Nice

Perfect timing..WGMI

$WGMI: Huge day for Cyrpto Tomorrow

https://cointelegraph.com/news/nasdaq-will-list-valkyrie-s-etf-linked-to-bitcoin-mining-firms-on-feb-8


Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8
At least 80% of the investment's net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining.



https://valkyrie-funds.com/wgmi/




Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8BREAKING NEWS


Crypto asset manager Valkyrie will have an exchange-traded fund (ETF) with exposure to Bitcoin mining firms available for trading on the Nasdaq Stock Market starting Tuesday.

A spokesperson for Valkyrie told Cointelegraph that the firm’s Bitcoin Miners ETF will begin trading on the Nasdaq on Tuesday under the ticker WGMI. According to a Jan. 26 filing with the Securities and Exchange Commission, the investment vehicle will not offer direct exposure to Bitcoin (BTC), but at least 80% of its net assets will be through securities of companies that “derive at least 50% of their revenue or profits” from BTC mining or providing the hardware or software related to mining. The filing added Valkyrie would invest up to 20% of the ETF’s net assets in companies holding “a significant portion of their net assets” in Bitcoin.

Valkyrie’s offering resembles the Digital Asset Mining ETF proposed by asset manager VanEck in December. The asset manager said it planned to invest 80% of its total assets in securities from crypto mining firms, with the SEC expected to reach a decision on the fund or extend the deadline by Feb. 14.

In October, Valkyrie became one of the first asset managers to offer indirect exposure to crypto through cash-settled contracts when it launched its Bitcoin Strategy ETF. At the time of publication, shares of the fund traded on the Nasdaq for $17.01, having gained more than 20% since dipping to $14.12 on Thursday.

Related: Canadian Bitcoin ETF sees its third-biggest daily inflow ever

The SEC has not approved Bitcoin spot ETFs in the United States despite criticism from some lawmakers and industry leaders that the lack of regulatory clarity is holding the country back on the world stage regarding innovative investment vehicles. In contrast, Canadian regulators approved a Bitcoin ETF and Bitcoin Mutual Fund from Fidelity Canada for listing on the Toronto Stock Exchange in December, while investment firm Purpose’s Bitcoin ETF was given the green light in February 2021.







GO $WGMI