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Bitcoin Mining ETF (WGMI) Hits New 52-Week High
ZACKSยท2025-09-15 11:46

Group 1 - The CoinShares Valkyrie Bitcoin Miners ETF (WGMI) has reached a 52-week high and increased by 236% from its 52-week low of $11.09 per share [1] - The ETF aims to provide total return for investors and charges 75 basis points in annual fees [1] - Bitcoin's rise is attributed to increased institutional and corporate adoption, with notable announcements such as President Trump's plan to create a crypto reserve [2] Group 2 - Stocks of companies like IREN Limited and Cipher Mining (CIFR) have shown positive performance, with CIFR up 8.8% and IREN up 3.4% on September 12, 2025, indicating strong exposure to the WGMI ETF [2] - WGMI has a positive weighted alpha of 118.89, suggesting potential for continued strength and gains for investors [3]