The ongoing market rout in response to U.S. tariff concerns, escalating trade wars, and geopolitical tensions creates challenges for investors seeking havens and opportunity. Bitcoin emerged in the last week as a surprising performer, volatile and yet ultimately resilient during equity and bond drawdowns. Those investors leery of direct investing into bitcoin but seeking exposure should consider the CoinShares Valkyrie Bitcoin Miners ETF (WGMI ).
The onset of blanket 10% tariffs on all U.S. imports and the ensuing chaos of various targeted tariffs against countries and industries rocked markets last week. The dollar devalued while stocks and bonds both sold off in a correlated move reminiscent of 2022 markets. Worries of U.S. economic stability, bond market fears, and more plague markets heading into the long holiday weekend.
Amidst drawdowns, bitcoin prices proved predictably volatile but ultimately resilient. BTC is currently up nearly 2% between April 1 and April 17, 2025. The world’s largest cryptocurrency currently trades at $84,959 as of midday trading on Thursday, April 17 after dropping to lows near $75,000 on April 9.
Long known for its volatility, bitcoin could prove an attractive alternative to some investors as U.S. economic outlooks crumble. In an environment where the dollar is challenged, U.S. debt climbs, and global trade scrambles to establish a new regime, an investment case for bitcoin’s decentralized approach to finance could hold appeal. On an even more fundamental level, bitcoin could provide diversification should prices continue to diverge from equity performance.
“Bitcoin is consolidating at higher levels (and above where it was trading before Trump’s election win in November last year), and the structural groundwork—ranging from institutional infrastructure to sovereign-level interest—is being quietly laid,” Bitfinex bitcoin and crypto exchange analysts explained in a note to Forbes.
Invest in Bitcoin Miners With WGMI
For those investors seeking opportunity in bitcoin but leery of direct exposure, the CoinShares Valkyrie Bitcoin Miners ETF (WGMI ) could provide opportunity. The actively managed fund proves pure-play exposure to bitcoin miners in North America. The fund doesn’t invest directly in bitcoin.
WGMI invests in companies who earn at least half their profits or revenue from bitcoin mining. It also invests in those companies providing hardware, software or services to bitcoin mining companies. Additionally, the strategy seeks companies that manufacture specialized chips used in bitcoin mining.
Bitcoin mining entails running mining computer rigs with specialized programs. These rigs use intense computations to validate transactions on the Bitcoin Network, a decentralized blockchain ledger. As miners validate transactions and solve computations, they create new blocks for the blockchain and are rewarded with newly minted bitcoin cryptocurrency as well as transaction fees.
Bitcoin has a finite amount of supply (21 million), with halving events approximately every four years. Each halving reduces the amount of bitcoin paid for creation of new blocks, cutting supply in half. This means that over time, bitcoin miners will earn less for mining and rely more on transaction fees earned for their efforts.
WGMI is managed by a team of industry experts on both cryptocurrencies as well as the finance sector. The strategy utilizes this expertise when seeking bitcoin mining companies and those in related industries. Investors are able to harness the fund manager’s knowledge of the technical, operational, and commercial workings of the bitcoin mining industry when investing in the fund.
WGMI carries an expense ratio of 0.75%.
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