Today, February 8, an exchange-traded fund (ETF) from Valkyrie Investments will start trading on the NASDAQ under the ticker WGMI, Cointelegraph has reported.
80% of the fund's assets are in shares of companies that derive at least 50% of their profits from Bitcoin mining. The remaining 20% of the Valkyrie fund's assets will be reinvested in companies with a large proportion of net assets in Bitcoin.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Several Bitcoin futures ETFs were launched late last year. The first such fund was ProShares' Bitcoin Strategy ETF (ticker BITO), which started trading last October 19 on the NASDAQ. After that, Bitcoin ETFs from Valkyrie Investments (ticker BTF) and VanEck (ticker XBTF) were also launched.