Nasdaq Will List Valkyrie’s Bitcoin Mining ETF On Feb. 8

Nasdaq Will List Valkyrie’s Bitcoin Mining ETF On Feb. 8

The bitcoin mining exchange-traded fund will go live on Tuesday under the ticker symbol “WGMI.”A new bitcoin-linked ETF is just around the corner as the Valkyrie Bitcoin Miners ETF received approval for listing on the Nasdaq exchange, according to a Monday filing with the Securities and Exchange Commission.Valkyrie CEO Leah Wald said “an increased focus and desire to gain exposure to bitcoin miners from investors” prompted the company to apply on January 26 to the SEC to offer the exchange-traded fund, which will invest 80% or more of its net assets in firms deriving at least half of their....


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At least 80% of the investment's net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining. Crypto asset manager Valkyrie will have an exchange-traded fund (ETF) with exposure to Bitcoin mining firms available for trading on the Nasdaq Stock Market starting Tuesday.filing with the Securities and Exchange CommissionofferBTCValkyrie’s offering resembles the Digital Asset Mining ETF proposed by asset manager VanEck in December. The asset manager said it planned to invest 80% of its total assets in securities from crypto mining firms, with the....