Valkyrie Bitcoin Miners ETF Price & Performance (WGMI)

Bitcoin miners are ramping up computational power, with the network hash rate reaching record highs. This trend suggests miners are optimistic about future price gains, even as recent bitcoin price action remains subdued. Historically, rising hash rates often precede bullish momentum in the broader crypto market.12

CoinShares Valkyrie Bitcoin Miners ETF (WGMI) has emerged as the worst-performing ETF in 2025, down 43% year-to-date. In contrast, several gold mining ETFs have posted strong gains. The divergence is attributed to rising mining difficulty and persistently low transaction fees, squeezing profitability for bitcoin miners.34

The Valkyrie Bitcoin Miners ETF (WGMI) saw a modest gain, but technical indicators remain negative. The ETF is in a broad downtrend, with forecasts suggesting continued weakness in the coming months. Rising trade volume offers some hope, but the overall outlook stays cautious for investors.56