The Valkcoin Mining (ETF) of Valkyrie de Coinshares is the ETF of the worst performance of 2025, 43% in a year so far in date, according to the senior analyst of ETF Bloomberg, Eric Balchunas.
The ETF is composed of several Bitcoin miners (BTC) public merchants. Iren (Iren) is the largest possession with 15%, which has dropped 42%. Core Scientific (Corz) continues with a 14%weighting and a 48%decrease, while encryption mining (encryption), the third largest possession with 9.6%, has dropped 52%. Even Nvidia (NVDA), the sixth larger possession with 5%, has fallen more than 20% this year.
According to its investment strategy, “the ETF will invest in companies that obtain at least 50% of their income or profits from the mining operations of Bitcoin and/or provide chips, hardware, software or other specialized services to companies that participate in Bitcoin mining.” WGMI consists of 21 holdings and manages $ 147.2 million in total assets.
In contrast, metal ETFs have been the best of 2025, according to Justetf. Several Gold Mining ETF are among the top five, with the Daxglobales gold miners of the Equity World Daxglobales materials, the ETF rises 38% in the year to date.
Bitcoin miners have faced significant challenges this year, since the hash of the network qualifies, representing the computational power required to extract bitcoin, continuous to climb, around the maximum of all time around 832 eh/s. This has created a remarkable divergence between the price of Bitcoin and the Hash Rate.
As a result, the mining difficulty has also remained close to its peak, which makes it difficult to successfully extract new bitcoins. At the same time, transaction rates are extremely low, the profitability of the miner is lower, since the rewards of processing transactions remain minimal.
