Bitcoin Mining ETF (WGMI) Hits New 52-Week High
For investors seeking momentum, CoinShares Valkyrie Bitcoin Miners ETF WGMI is probably on the radar. The fund just hit a 52-week high and has soared 236% from its 52-week low of $11.09 per share.
Are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
WGMI in Focus
The CoinShares Bitcoin Mining ETF seeks to provide investors with total return. WGMI charges 75 bps in annual fees (see: all the Cryptocurrency ETFs here).
Why the Move?
Bitcoin has been soaring due to higher institutional and corporate adoption. President Trump’s announcement of creating a crypto reserve bodes well for cryptocurrency miners, including IREN Limited and Cipher Mining CIFR. Note that CIFR stock was up 8.8% on Sept. 12, 2025 while IREN stock gained 3.4%. These stocks have solid exposure to the ETF WGMI.
More Gains Ahead?
WGMI might remain strong, given its positive weighted alpha of 118.89 (per barchart.com). There is definitely still some promise for investors who want to ride on this surging ETF.
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Cipher Mining Inc. (CIFR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Source Zacks-com
