Valkyrie Funds Launch the Valkyrie Bitcoin Miners ETF

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Valkyrie Funds announced the launch of the Valkyrie
 
 Bitcoin 
Miners ETF (Nasdaq: WGMI). The ETF will focus on companies that are associated with the bitcoin mining industry.

Investors are focusing on mining stocks to gain exposure to commodities such as gold and silver. Valkyrie Funds believe bitcoin is not an exception. Bitcoin miners generated revenue was $15 billion (approx.) in 2021. According to the Block, this is more than +200% when compared to 2020.

Leah Wald, CEO at Valkyrie said, “”Bitcoin miners are an alternative asset class that are rapidly coming into focus for many investors. These companies are fully regulated the same as any other publicly traded company, and offer investors yet another avenue to gain indirect exposure to the digital asset space.”

This is also an opportunity for investors that are concerned with the environment. Miners are exploring ways of using green energy. Some of these renewable energy sources include solar, wind and hydroelectric. Aside the environmental benefits it is a cheaper source of power than electricity that is generated from fuels.

Focus on Renewable Energy

The funds invest in bitcoin mining companies with 80% holdings and at least 50% renewable energy for mining. None of the funds will directly invest in bitcoin.

This is third ETF to be offered by Valkyrie Funds to provide investors with access to the ‘digital asset space.’

Valkyrie Funds prior ETF, the Valkyrie Bitcoin Strategy focuses on bitcoin futures. The ETF received the approval of the SEC as it is not based on spot bitcoin. ETFs that were based on spot bitcoin were rejected by the SEC. A decision on Grayscale’s ETF has been postponed twice by the SEC.

Bitcoin futures are regulated in the U.S. on the Chicago Mercantile
 
 Exchange 
(CME).

Valkyrie Funds focuses on providing exposure to the digital space via traditional financial products. The company also has great experience in launching multiple ETFs including digital asset funds.

Valkyrie Funds announced the launch of the Valkyrie
 
 Bitcoin 
Miners ETF (Nasdaq: WGMI). The ETF will focus on companies that are associated with the bitcoin mining industry.

Investors are focusing on mining stocks to gain exposure to commodities such as gold and silver. Valkyrie Funds believe bitcoin is not an exception. Bitcoin miners generated revenue was $15 billion (approx.) in 2021. According to the Block, this is more than +200% when compared to 2020.

Leah Wald, CEO at Valkyrie said, “”Bitcoin miners are an alternative asset class that are rapidly coming into focus for many investors. These companies are fully regulated the same as any other publicly traded company, and offer investors yet another avenue to gain indirect exposure to the digital asset space.”

This is also an opportunity for investors that are concerned with the environment. Miners are exploring ways of using green energy. Some of these renewable energy sources include solar, wind and hydroelectric. Aside the environmental benefits it is a cheaper source of power than electricity that is generated from fuels.

Focus on Renewable Energy

The funds invest in bitcoin mining companies with 80% holdings and at least 50% renewable energy for mining. None of the funds will directly invest in bitcoin.

This is third ETF to be offered by Valkyrie Funds to provide investors with access to the ‘digital asset space.’

Valkyrie Funds prior ETF, the Valkyrie Bitcoin Strategy focuses on bitcoin futures. The ETF received the approval of the SEC as it is not based on spot bitcoin. ETFs that were based on spot bitcoin were rejected by the SEC. A decision on Grayscale’s ETF has been postponed twice by the SEC.

Bitcoin futures are regulated in the U.S. on the Chicago Mercantile
 
 Exchange 
(CME).

Valkyrie Funds focuses on providing exposure to the digital space via traditional financial products. The company also has great experience in launching multiple ETFs including digital asset funds.

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