An ETF with shares of mining companies will appear on NASDAQ

An exchange traded fund (ETF) from Valkyrie Investments with a basket of stocks of mining companies will begin trading on the NASDAQ Stock Market under the ticker WGMI on Tuesday, February 8, Cointelegraph reports.

80% of the fund’s assets come from securities of companies that derive at least 50% of their profits from bitcoin mining. Valkyrie will invest the remaining 20% of the fund’s assets in companies that hold a significant portion of their net assets in bitcoin.

At the end of 2021, several bitcoin futures bitcoin ETFs were launched. The first such fund was ProShares’ Bitcoin Strategy ETF (ticker BITO), which began trading on October 19 on the NASDAQ Stock Market. After that, bitcoin ETFs from Valkyrie Investments and VanEck were launched.

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