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ETFs & Mutual Funds

Tiny Crypto ETF’s 100% Surge Puts It Atop Best-Performers Race

  • WGMI leads the crypto ETF rally since the start of the year
  • But ETF fell 80% last year as crypto coins, industry suffered
Bitfarms Blockchain Farm As Bitcoin Stages July Recovery
Photographer: James MacDonald/Bloomberg

If any ETF is living up to its ticker in 2023, it’s WGMI.

The tiny Valkyrie Bitcoin Miners ETF — whose ticker is a popular acronym standing for “We’re Gonna Make It” — is so far the year’s best-performing fund after surging more than 100% in January. That run puts it roughly 25 percentage points ahead of the next-best advancer among US equity funds and makes WGMI a standout after a harrowing 2022 where it lost more than 80%.