What this ETF is trying to do

The CoinShares Bitcoin Mining and Digital Power ETF (WGMI) focuses on companies involved in Bitcoin mining and digital power. It is a crypto-related fund that invests in the infrastructure and companies that power the digital asset economy.

What the numbers show

As of October 5, 2026, the share price of WGMI is $44.35.

Looking at the price returns (which measure only the change in share price), the ETF has seen different results over different timeframes:

• Year-to-Date (YTD): The price return is up 15.89%.

• One Year: The price return is down 7.97%.

• Three Year: The price return is up 402.83%.

The total return (which includes distributions) is the same as the price return for the YTD and one-year periods. For the three-year period, the total return is 405.54%.

To put the one-year change in perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($48.19), your investment would be worth approximately $9,203.15 today based on the price return alone.

Income and Distribution Explanation

This ETF does not currently pay out cash to investors. The distribution yield is 0%, and no distributions were detected over the last 12 months. Because it does not pay a dividend, investors cannot rely on this fund for regular cash income.

NAV Erosion Explanation

"NAV erosion" happens when the value of the assets inside an ETF declines over time. StockValueFinder uses an erosion-risk score to measure this. WGMI has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk, not a guarantee that the fund's value has collapsed. The severe erosion-risk flag is currently false.

Top Holdings

The fund holds 28 different assets. As of October 7, 2026, the top holdings include:

• Cipher Digital Inc: 11.94%

• Nebius Group NV: 7.94%

• CoreWeave Inc: 7.42%

• Hut 8 Corp: 6.50%

• Keel Infrastructure Corp: 6.17%

• Iren Ltd: 4.83%

• Hive Digital Technologies Ltd: 4.77%

• Mara Holdings Inc: 4.63%

• Riot Platforms Inc: 4.56%

• Cleanspark Inc: 4.52%

Pros

• Strong three-year total return of 405.54%.

• Positive growth so far this year (YTD).

Cons

• Negative price return over the last 12 months.

• No cash distributions for income seekers.

• Labeled with "mild" price erosion risk.

Beginner Takeaway

WGMI is a high-growth, crypto-related ETF. While it has seen massive growth over three years, it has been volatile over the last year. It provides no income, so it is used for price growth rather than cash payments. Always remember that a high return in the past does not guarantee future results.