(NEWSBTC) Valkyrie’s Bitcoin Mining ETF will be listed on Nasdaq on Tuesday, February 8, after winning the approval of the Securities and Exchange Commission.
The investment vehicle will have 80% of portfolio holdings in securities of firms that obtain a majority of their revenue or profit from crypto mining or hardware and/or related operations.
The remaining 20% of net assets in the ETF will be allocated to firms holding a significant portion of their assets in Bitcoin or crypto.
The Bitcoin mining ETF, dubbed ‘WGMI,’ will carry a 0.75% expense ratio and is expected to include big miners such as Bitfarms, Hive, and Marathon.
Valkyrie’s mining ETF comes after the firm’s Bitcoin futures ETF and Balance Sheet Opportunities ETF.
BTCUSD is down -0.17%.
