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Valkyrie’s WGMI Bitcoin Miners ETF named best-performing U.S. fund, surges 105% in 2023

Valkyrie’s Nasdaq-listed Bitcoin Miners exchange-traded fund (ETF), WGMI, has been the best-performing U.S. fund of 2023 so far, rising over 105% in January. It’s January rally puts it roughly 25% ahead of the second-best performer, according to Bloomberg.

WGMI, a popular acronym for “We’re Gonna Make It” among crypto traders, tracks the performance of cryptocurrency mining companies. The fund has Hive Blockchain Technologies Ltd, Digihost Technology Inc., Bitfarms Ltd, Marathon Digital Holdings Inc., Riot Platforms Inc. and Hut 8 Mng Corp. in its holdings. It opened Monday’s trading day at US$9.14 on Monday, which is 66% lower than its all-time high of US$26.68 set in February 2022.

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