CoinShares Bitcoin Miners ETF May Benefit From Tailwinds But Still Underperform
Source: SeekingAlpha
2025-03-05 09:30:00 ET
Summary
- WGMI offers indirect Bitcoin exposure through companies focused on mining and related services.
- If we look at its top three holdings (CORZ, IREN, and CIFR), they make up over 42% of its assets.
- WGMI also has a high expense ratio of 0.75%, which doesn’t seem justified. In fact, it has significantly underperformed its top three assets.
- WGMI underperforms both Bitcoin and broader benchmarks (like the S&P 500) despite benefiting from favorable crypto regulatory tailwinds.
- I believe WGMI will probably benefit in the short-medium term from the favorable policy tailwinds of the current US administration. But there are probably better ways to bet on this trend.
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CoinShares Bitcoin Miners ETF May Benefit From Tailwinds But Still Underperform
Cipher Mining Inc. Warrant
NASDAQ: CIFRW
CIFRW Trading
-51.41% G/L:
$4.1299 Last:
3,194 Volume:
$4.24 Open:
CIFRW Latest News
May 07, 2026 07:07:07 pm
Cipher Digital Announces Participation in Upcoming Investor and Industry Conferences
April 21, 2026 04:05:00 pm
Cipher Digital Announces Date of First Quarter 2026 Business Update Conference Call
CIFRW Stock Data
$6,637,972,587
298,254,992
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