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Author: Admin | 2025-04-28
Digital assets manager Valkyrie has applied with the SEC to list a new Bitcoin-focused exchange-traded fund on Nasdaq. In the filing, Valkyrie highlighted that its Valkyrie Bitcoin Miners ETF will invest 80% of its net assets in firms in the crypto mining ecosystem. The ETF is awaiting approval and will mark the crypto asset manager’s third Bitcoin-focused ETF.Valkyrie applies to list Bitcoin miners ETF on NasdaqValkyrie today filed a new ETF application with the Securities and Exchange Commission (SEC) that seeks to offer investors exposure to stocks in Bitcoin on the regulated Nasdaq exchange. The ETF, which will be called the Valkyrie Bitcoin Miners ETF and will have the ticker WGMI, if approved will allow Valkyrie to offer investors exposure to firms that get at least 50% of their profit from Bitcoin mining.“The Fund is an actively-managed exchange-traded fund (“ETF”) that will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/or from providing specialized chips, hardware, and software or other services to companies engaged in bitcoin mining,” the filing notes.Valkyrie adds that the fund will not give direct exposure to Bitcoin as it will not invest in spot Bitcoin or even Bitcoin derivatives. The fund will also charge a management fee of 0.75% and will invest in Bitcoin mining companies globally.The Valkyrie Bitcoin Miners ETF is the third Bitcoin-focused from the firm’s stables Valkyrie’s Bitcoin futures ETF,
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