CoinShares Bitcoin Mining ETF
$50.40−1.35 (−2.61%)
History starts Feb 8, 2022.
- Expense ratio
- 0.75%
- Fund size
- $323M
- 1Y return
- +17.7%
- Yield · Last 12 months
- 0.00%
- Holdings
- 21
- Volume · 30D
- 0.7M sh
- NAV per share
- $50.90
- 52W range
The ETF.net WGMI Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 25Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 93Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 63Category rank
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
- 21
- 63%
- CIFR
Sectors
- Technology49.4%
- Financials39.2%
- Communication7.2%
- Utilities3.2%
- Industrials0.9%
Geography
- United States80.93%
- Netherlands7.12%
- Australia6.41%
- Singapore4.61%
- Taiwan0.81%
- China0.12%
WGMI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
WGMI$11,769
Returns run to the Sep 22, 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 | +35.2% |
| 1 month | +13.2% |
| 3 months | −28.1% |
| 1 year | +17.7% |
| 3 years | +77.2% |
| 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 | +35.2% | |
| 2025 | +72.5% | |
| 2024 | +23.5% | |
| 2023 | +304.1% | |
| 2022 | −83.5% |
WGMI in the news
WGMI Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 24, 2024 | Dec 31, 2024 | $0.05 |
| Dec 20, 2023 | Dec 27, 2023 | $0.06 |
WGMI Risk
- 84.3%
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.
- 0.85
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 0.65%
14 of the 20 Crypto Industry Stocks funds charge less.