2 years ago
The Valkyrie Bitcoin Miners ETF, the exchange-traded money (ETF) that offers vulnerability to the stocks of bitcoin miners, received approval from Nasdaq for listing connected the speech nether the ticker “WGMI.”
The money comes with an disbursal ratio of 0.75% and is expected to commencement trading connected Tuesday, according to Valkyrie’s spokesperson.
The money volition put astatine slightest 80% of its nett assets successful companies that deduce a minimum of 50% of their nett from bitcoin mining.
The fund’s apical 5 holdings (all with allocations successful the 8% to 10% range) are Argo Blockchain (ARBK), Bitfarms (BITF), Cleanspark (CLSK), Hive Blockchain (HIVE) and Stronghold Digital Mining (SDIG). Names successful the adjacent 5 holdings (all 4% allocation) see Marathon Digital (MARA), Bit Digital (BTBT) and Digihost Technology (DGHI).
In keeping with the times, Valkyrie notes the miners successful the fund’s portfolio usage astir 77% renewable vigor compared with mean renewable vigor usage passim the U.S. of 31%.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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