WGMI:NASDAQCoinShares Bitcoin Mining ETF Analysis
Data as of 2026-08-23 - not real-time
$45.73
Latest Price
8/10Risk
Risk Level: High
Executive Summary
CoinShares Bitcoin Mining and Digital Power ETF trades at $45.73, with its moving averages tangled rather than clearly stacked — a neutral trend structure. The last 30 days have lost 17.6%. Relative strength is 42.6 — neutral — and the MACD signal is bullish. Recent trading has carved out support near $42.44 and resistance around $55.72.
The 0.75% expense ratio is middling for its category, and the fund manages $259.7M in assets.
Risk comes out at 8 of a possible 10, a high reading. With 30-day volatility of 104.2%, a beta of 3.50 and a maximum drawdown of 50.9%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Across every horizon the signals point the same way: hold, at a conviction of 2 out of 10.
The 0.75% expense ratio is middling for its category, and the fund manages $259.7M in assets.
Risk comes out at 8 of a possible 10, a high reading. With 30-day volatility of 104.2%, a beta of 3.50 and a maximum drawdown of 50.9%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Across every horizon the signals point the same way: hold, at a conviction of 2 out of 10.
Top Market Events
Strategy update positions WGMI to capture the build-out of the energy and compute backbone behind bitcoin and...Coinshares Broadens WGMI As Miners Chase AI Demand Arabian Post.Microsoft and our third-party vendors use cookies to store and access information such as unique IDs and personal...
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 2/10
Key Factors
- Trading below the 200-day average of 48.86
- MACD momentum is positive
- 30-day price change of -17.6%
Medium Term
1–3 yearsNeutral
Model confidence: 2/10
Key Factors
- Trading below the 200-day average of 48.86
- 30-day volatility of 104.2%
- MACD momentum is positive
Long Term
> 3 yearsNeutral
Model confidence: 2/10
Key Factors
- 30-day volatility of 104.2%
- Beta of 3.50 versus the benchmark
- Maximum drawdown of 50.9%
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.75%
AUM$259.7M
Inception Date2022-02-07
Avg Daily Volume535,870
Premium/Discount0.00%
Tracking Error0.00%
Technical Analysis
TrendNeutral
RSI42.6
Support$42.44
Resistance$55.72
MA 20$48.70
MA 50$55.40
MA 200$48.86
MACDBullish
VolumeDecreasing
Fear & Greed Index94.41
Risk Assessment
Beta3.50
Volatility104.19%
Sector RiskMedium
Currency RiskLow
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.