CoinShares Bitcoin Mining ETF
$37.85−1.19 (−3.05%)
- 0.75%
- $209M
- −29.5%
- 0.00%
- 0.6M sh
- $40.14
- low $31.79high $76.94
The ETF.net WGMI Grade
C
Score 45 out of 100
- 11 of 20
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 15 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 15 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A92 out of 100Rank 1 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 13 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 10 of 20
Our read on WGMI
CThe pickaxe trade, not the gold. WGMI skips bitcoin itself and buys the companies mining it, plus the chipmakers and software shops arming them, with a manager picking the names instead of a fixed index.
The Fund seeks total return. It is actively managed and invests primarily in companies connected with bitcoin mining, including miners and providers of specialized mining-related technology and services.
Why people hold it
- Pure-play by rule: at least 80% of assets go to companies earning 50% or more of revenue from bitcoin mining, or from selling miners chips, hardware, software and services.coinshares.comsec.gov
- Actively managed, so the portfolio can shift between miners as power costs and hash economics reshuffle the field, rather than waiting on an index reconstitution.sec.gov
- Equities only. The fund does not hold bitcoin directly, through derivatives, or via bitcoin trusts, so what you own is the industry balance sheets, not the coin.sec.govcoinshares.com
- Listed since 2022 and actively traded, which is a long track record in crypto years and puts it in the upper half of its crypto-equity peer group.
Worth knowing
- 0.75% a year runs a little above the typical fund in its crypto-equity cohort. That is the toll for active stock picking over an index.
- No distributions. Whatever this does, it does through share price, not income.
- Narrow by design. Broader blockchain baskets like BKCH and BLOK spread across more of the crypto economy; WGMI stays on miners and their suppliers, US and overseas.
WGMI Holdings
- Stocks
- 29
- 63%
- CIFR
Sectors
- Technology51.0%
- Financials36.9%
- Communication8.3%
- Utilities3.0%
- Industrials0.7%
Geography
- United States81.49%
- Netherlands8.26%
- Australia4.70%
- Singapore4.32%
- Taiwan0.98%
- China0.26%
WGMI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
WGMI$7,055
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | WGMI |
|---|---|
| Year to date | +2.0% |
| 1 month | −17.0% |
| 3 months | −29.7% |
| 1 year | −29.5% |
| 3 years | +65.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | WGMI |
|---|---|---|
| 2026 YTD | +2.0% | |
| 2025 | +72.5% | |
| 2024 | +23.5% | |
| 2023 | +304.1% | |
| 2022 | −83.5% |
WGMI in the news
Filings Digest
CoinShares to liquidate BTF and DIME on October 21
WGMI Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
WGMI Risk
- 82.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.97
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −85.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 4.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
WGMI Cost
0.75%
WGMI0.75%
- The middle half of Crypto Industry Stocks funds
- Median 0.66%
14 of the 20 Crypto Industry Stocks funds charge less.
Other funds in Crypto Industry Stocks
- CBITSGlobal X - Blockchain & Bitcoin Strategy ETFExpense ratio 0.65%1 year return −28.6%
- CSATOInvesco Alerian Galaxy Crypto Economy ETFExpense ratio 0.66%1 year return −35.4%
- CHECOState Street Galaxy Hedged Digital Asset Ecosystem ETFExpense ratio 0.90%1 year return +31.1%
- CBCORGrayscale Bitcoin Adopters ETFExpense ratio 0.59%1 year return −20.4%
- CBLCKCorgi ETF Trust I - Corgi Crypto Infrastructure ETFExpense ratio 0.35%1 year return —