News, Commentary & Events: WGMI

VALKYRIE BITCOIN MINERS ETF

9.875down-0.205 (-2.0337%)

 as of 11:42:48am ET 02/03/2023
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Commentary

  • Best & Worst Monthly Performers: February 1 Edition

    ETF Database - 02/01/2023

    Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.

  • Strong January for ARK Sees 3 Top-Performing ETFs

    ETF Database - 01/30/2023

    While 2022’s broad market selloff was led by tech, January has in turn been a strong performance month for disruptive technology-focused ARK Invest and its suite of ETFs. The firm’s ARK Innovation Fund (ARKK B+) had its best single month of performance in January, returning 30% according to VettaFi. The fund was joined by its sibling strategies, the ARK Next Generation ETF (ARKW C+) and the ARK Fintech ETF (ARKF B-), in the 10 top-performing ETFs for the last week.

  • Crypto Miners Dig Themselves Out of 2022's Rut

    ETF Database - 01/20/2023

    Out of the entire ETF universe, the best performing ETFs YTD so far are crypto ETFs—more specifically crypto miners following weak performance in late 2022. The Valkyrie Bitcoin Miners ETF (WGMI) topped the list, increasing over 70% YTD as of January 18. The Vaneck Digital Asset Mining ETF (DAM) is currently in sixth place, returning over 57% YTD. Broader blockchain and crypto equity ETFs were also in the top 15 including the Vaneck Digital Transformation ETF (DAPP), the Global X Blockchain ETF (BKCH), the Bitwise Crypto Industry Innovators ETF (BITQ), the iShares Blockchain and Tech ETF (IBLC), and the Invesco Alerian Galaxy Crypto Economy ETF (SATO). Just a couple of months ago, the FTX crash (discussed here) was seen by some as the end of the crypto industry—which obviously was not the case. What happened to Bitcoin prices, crypto equities, and the crypto mining sector? This note explores why we’re seeing a rally in 2023.

  • Is the Crypto Winter Starting to Thaw?

    ETF Database - 01/17/2023

    Last year’s crypto winter was a harsh one for the world of digital assets, with the FTX affair the cherry on top. Bitcoin almost reached $48,000 per coin at its highest point last spring before careening down to almost as low as $15,700 by late November. But bitcoin has since rebounded back over $20,000 and up 26% over the last month, helping crypto ETFs dominate this past week’s top-performing ETFs, with all 10 focused on crypto or the blockchain.

  • China ETFs in Last Week’s Top Performing ETFs

    ETF Database - 01/10/2023

    This week’s top-performing ETF returns include five China-focused strategies, a far cry from the panic that China would be uninvestable following the Fall’s Chinese Communist Party Congress. Led by the top ETF based on one-week returns, the Global X MSCI China Real Estate ETF (CHIR ) at 18.66%, the China-focused strategies have flouted concerns not only about geopolitics but also the nation’s slowly loosening “Zero COVID” rules and a resulting spread of the virus there.

  • Best & Worst Monthly Performers: January 4 Edition

    ETF Database - 01/04/2023

    Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.

  • Best & Worst Monthly Performers: December 7 Edition

    ETF Database - 12/07/2022

    Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.

  • Best & Worst Monthly Performers: October 12 Edition

    ETF Database - 11/09/2022

    Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.

Technical Events

Technical Analysis

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