The evolving crypto regulatory environment in the U.S. could prove a boon for bitcoin and bitcoin miner companies alike. Investors looking to gain access would do well to consider the CoinShares Valkyrie Bitcoin Miners ETF (WGMI), currently trading in strong buy territory this quarter.
The onset of tariffs and ensuing uncertainty for bitcoin miners earlier this year caused sharp drawdowns between mid-February and mid-April. As markets became increasingly hopeful for smaller tariff rates than originally threatened, as well as favorable trade deals, outlooks improved. This impacted equities at large as well as bitcoin miners specifically, who also ride the tide of growing institutional bitcoin demand.
Bitcoin miners run specialized computer rigs as they compete to add new blocks to the blockchain by solving intensely complex math problems. These number puzzles require specialized software in a proof-of-work model. Miners that mint new blocks are rewarded with bitcoin and transaction fees in return for their efforts. Bitcoin miners also contribute to the overall bitcoin ecosystem by verifying transactions on the blockchain and creating consensus across the network.
Investors leery about direct bitcoin investment may find bitcoin miners an attractive alternative. Bitcoin mining companies offer the familiarity of equities while riding the tides of bitcoin demand. Shifts toward favorable crypto regulations in the U.S. and growing data center demand could help to create tailwinds for bitcoin miners looking ahead. In addition, growing institutional adoption could prove a boon for bitcoin and miners.
Invest in North American Bitcoin Miner Stocks With WGMI
WGMI offers pure-play exposure to bitcoin miner companies in North America. The fund is currently up 10.18% YTD as of August 5, 2025, and currently trades above it’s 50- and 200-day simple moving average. Securities trading above their SMAs are generally considered strong buys for trend followers.
WGMI invests in those companies earning at least half their profits or revenue from bitcoin mining. The fund invests in companies providing hardware, software or services to bitcoin mining companies. Additionally, the strategy seeks companies that manufacture specialized chips used in bitcoin mining. WGMI does not invest in bitcoin.
The fund is managed by a team of industry experts on both cryptocurrencies as well as the finance sector. The portfolio is built using the fund manager’s expertise of the technical, operational, and commercial workings of the bitcoin mining industry.
Bitcoin has a finite amount of supply (21 million), with halving events approximately every four years. The most recent occurred in April 2024. Each halving reduces the amount of bitcoin paid for creation of new blocks, cutting supply in half. This means that over time, bitcoin miners will earn less. Instead, they’ll rely more on transaction fees earned for their efforts.
WGMI carries an expense ratio of 0.75%.
For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.
