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Author: Admin | 2025-04-27
Recently launched Bitcoin (CRYPTO: BTC) mining exchange-traded fund (ETF) Valkyrie Bitcoin Miners ETF (NASDAQ: WGMI)is hoping to grab investor interest with its focus on renewable energy and the miners that use it. In this episode of "The Crypto Show" on Motley Fool Live, recorded on Feb. 9, Fool.com contributors Jon Quast, Chris MacDonald, and Travis Hoium discuss the new ETF's holdings and its fun, crypto-friendly ticker symbol.10 stocks we like better than Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETFWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ten best stocks for investors to buy right now... and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF wasn't one of them! That's right -- they think these 10 stocks are even better buys.See the 10 stocks*Stock Advisor returns as of January 20, 2022Jon Quast: Moving along here, I did want to talk about this new ETF that launched on Monday, the Valkyrie Bitcoin Miners ETF. I'm not aware of any other Bitcoin mining ETF, maybe they do exist and I just wasn't aware. But I love this ticker symbol here, guys. WGMI is the ticker symbol that they went with. For those who don't know, this is often used in cryptocurrency circles, more NFT circles, I would say.Travis Hoium: Yeah, definitely. [laughs]Quast: WAGMI, W-A-G-M-I, and it stands for "we're all going to make it," right?Hoium: That's absolutely right, yeah.Quast: Yeah, we're all going to make it. That's a symbol that they went with. They get a point there for great ticker symbol. Top four holdings in their ETF as of today, Bitfarms, Argo Blockchain, CleanSpark, and HIVE Blockchain Technologies. Really interesting that they went with some of the smaller Bitcoin miners here for big positions in their portfolio or in their ETF.Chris MacDonald: I was diving into this a little bit there, Jon, about what their holdings are and why they picked their holdings. Looking at their fund page, it looks like their focus is on renewable energy and miners that focus on renewable energy. Their big selling point here is that the WGMI portfolio utilizes 77 percent renewable energy. I thought that was really interesting piece, especially for investors that are maybe a little bit turned off by the environmental piece of this. I know that, also in addition to miners, they do hold a number of chip manufacturers that provide specialized chips to miners and some software companies as well that are in the software space. It's a pretty diversified ETF and it's definitely an interesting option of being so
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