ETFs Investing in Bitcoin Mining
Mining of bitcoin and other digital assets is complicated and requires sophisticated computer hardware. Investing in mining companies lets you participate without directly owning bitcoin or other digital assets. Profitability is largely dependent on the price of the digital assets being mined. Each ETF has its own strategy, and therefore, proper research and evaluation is recommended prior to investing.
WGMI is an actively-managed ETF available through Nasdaq that invests in public companies in the bitcoin mining industry. Companies are screened based on their efficient usage of renewable energy.
VanEck Digital Assets Mining ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Mining Index (the “Index”), which tracks the performance of companies participating in the digital assets mining economy.