According to the start of the FNB, Eric Balchunas, Eric Balchunas, Eric Balchunas, the FNB (ETF) negotiated (ETF) (ETF) of Coinshares Valkyrie Bitcoin Mining (WGMI) Mining (WGMI) is the less efficient FNB of 2025, down 43%
The FNB is made up of several bitcoin minors (BTC) listed on the stock market. Iren (Iren) is the largest detention at 15%, which is down 42%. Core Scientific (CORZ) follows with a weighting of 14%and a drop of 48%, while the encryption exploitation (CIFR), the third largest detention to 9.6%, is down 52%. Even NVIDIA (NVDA), the sixth in 5% at 5%, fell by more than 20% this year.
According to its investment strategy, “ETF will invest in companies that derive at least 50% of their income or profits from bitcoin extraction operations and / or the supply of fleas, hardware, software or other specialized services to companies involved in Bitcoin extraction.” WGMI consists of 21 participations and manages $ 147.2 million in total assets.
On the other hand, the Metals were the best performers of 2025, according to JustTF. Several ETF of gold extraction are ranked in the first five, with the basic FET of basic materials of Daxglobal ETF equity of 38% since the start of the year.
Bitcoin minors have been faced with significant challenges this year, as network hash – representing the necessary computing power to exploit Bitcoin – continues to climb, oscillating near all time around 832 eh / s. This created a notable divergence between the price of bitcoin and the hash rate.
Consequently, the mining difficulty has also remained close to its peak, which makes more difficult for minors to successfully exploit new bitcoins. At the same time, the transaction costs are extremely low, which leads to the profitability of minors as the rewards of treatment transactions remain minimal.
