{"id":57353,"date":"2022-02-08T13:40:38","date_gmt":"2022-02-08T11:40:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57353"},"modified":"2025-09-04T11:17:51","modified_gmt":"2025-09-04T08:17:51","slug":"sec-approves-valkyries-mining-focused-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-approves-valkyries-mining-focused-etf\/","title":{"rendered":"SEC approves Valkyrie\u2019s mining-focused ETF"},"content":{"rendered":"<p>Asset-management firm Valkyrie Investments has received <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1877493\/000135445722000106\/WGMI_8-ACert.pdf\">approval<\/a> from the <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> for launching an exchange-traded fund (ETF) based on the stocks of companies that derive at least 50% of their profits from mining Bitcoin.<\/p>\n<p>The firm also includes in this category suppliers of equipment, software, or services for mining operations. The fund\u2019s basket includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>with a weight in the range of 8% to 10% \u2014 Argo Blockchain, Bitfarms, Cleanspark, Hive Blockchain and Stronghold Digital Mining;<\/li>\n<li>with a 4% weighting \u2014 Marathon Digital, Bit Digital and Digihost Technology.<\/li>\n<\/ul>\n<p>The listing under the ticker WGMI is set for Tuesday, 8 February on Nasdaq. The company emphasised that the ETF &#8216;will not invest in Bitcoin directly or indirectly&#8217;.<\/p>\n<p>The fund\u2019s management and other expenses <a href=\"https:\/\/valkyrie-funds.com\/wp-content\/uploads\/2022\/01\/Valkyrie-WGMI-Investment-Case-1.pdf\">amount to<\/a> 0.75%.<\/p>\n<p>The filing to launch the instrument<a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-files-to-launch-etf-based-on-bitcoin-miner-stocks\"> was submitted by the company<\/a> in late January 2022. According to the prospectus, the Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in the shares of mining companies, with 20% in the shares of enterprises that hold Bitcoin on their balance sheets.<\/p>\n<p>In December 2021, VanEck filed<a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-files-for-mining-company-shares-etf-launch\"> an application to launch a similar product<\/a> with the SEC.<\/p>\n<p>In October, on Nasdaq<a href=\"https:\/\/u1f987.com\/en\/news\/nasdaq-begins-trading-valkyrie-investments-futures-based-bitcoin-etf\"> began trading<\/a> Valkyrie Investments&#8217; Bitcoin futures ETF.<\/p>\n<p>The firm also <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-launches-etf-based-on-shares-of-bitcoin-investing-companies\">launched<\/a> an actively managed ETF based on the equity of companies whose cash reserves include digital gold.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asset-management firm Valkyrie Investments has received approval from the SEC to launch an ETF based on the stocks of companies that derive at least 50% of their profits from mining Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":57354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1211],"class_list":["post-57353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57353"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57353\/revisions"}],"predecessor-version":[{"id":57355,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57353\/revisions\/57355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57354"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}