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Launched · SEC filings

CoinShares Bitcoin Mining ETF

WGMINasdaqCoinSharesC

$26.43−1.98 (−6.97%)

At close: Nov 2, 2026, 4:00 PM ET

C44/ 100

Rank 12 of 20 in Crypto Industry Stocks

C44/100Rank 12 of 20inCrypto Industry Stocks
Intraday session: down, 79 prints from 28.41 to 26.43. Range 26.25 to 28.57. Use the arrow keys to read each point.27.0027.5028.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$157M
1Y total return
−50.5%
Yield · Last 12 months
0.00%
Holdings
29
Avg volume · 30D
685K sh
52W range
low $27.54high $76.94
Launched
Filings
SEC EDGAR

The ETF.net WGMI Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Crypto Industry Stocks⁠
Rank
12 of 20
Six-pillar profile for WGMI. Scores out of 100: Cost 26, Risk 20, Mission not scored, Tradability 94, Holdings 52, Durability 59. Strongest: Tradability (94). Weakest: Risk (20). Based on 5 of 6 pillars.

Score 44 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 100
    Rank 15 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F20 out of 100
    Rank 20 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A94 out of 100
    Rank 1 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 11 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 11 of 20

Our read on WGMI

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Feb 7, 2022

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$4,950
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. WGMI $4,950. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000$12,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for WGMI. Periods over one year show the average yearly return.
PeriodWGMI
Year to date−25.8%
1 month−36.8%
3 months−44.8%
1 year−50.5%
3 yearsper year+44.3%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WGMI
YearReturn barWGMI
2026 YTD−25.8%
2025+72.5%
2024+23.5%
2023+304.1%
2022−83.5%

History from Feb 8, 2022

WGMI in the news

WGMI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 2 payments from 2023 to 2024. Dec 20, 2023 $0.06; Dec 24, 2024 $0.05. Use the arrow keys to read each point.20232024
Ex-datePay dateAmount per share
Dec 24, 2024Dec 31, 2024$0.05
Dec 20, 2023Dec 27, 2023$0.06

$10,000 in WGMI 3 years ago paid $98.62 in dividends.

WGMI Risk

Risk pillarF20 out of 100Rank 20 of 20 in Crypto Industry Stocks
How much the fund’s monthly returns vary, scaled to a year.
86.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.78
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−85.8%
56 months · trough Dec 2022
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.

How strongly the fund’s returns move with its asset-class index.
4.28
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

WGMI Cost

Compare WGMI and STCE

Overpaying vs STCE, cheapest in Crypto Industry Stocks

$8,333

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • WGMI 0.75%

    $14,482

  • STCE 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • WGMI 0.75%
  • STCE 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530WGMI $14,482STCE $6,149

Year by year

YearWGMISTCEOverpaying
10$1,336$545$791
20$5,078$2,113$2,965
30$14,482$6,149$8,333

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