Coinshares’ Valkyrie Bitcoin Mining (WGMI) Exchange-Traded Fund (ETF) is the worst priesting ETF of 2025, down 43% years to date, according to senior Bloomberg Etf analyst Eric Balchunas.

ETF consists of several publicly traded Bitcoin (BTC) miners. IREN (IREN) is the largest inventory of 15%, which has fallen 42%. Core Scientific (Corz) comes with a weight of 14% and a 48% decrease, while Cipher Mining (digifr), the third largest attitude of 9.6%, is 52% down. Even Nvidia (NVDA), the sixth largest inventory of 5%, has fallen over 20% this year.

According to its investment strategy, “ETF will invest in companies that receive at least 50% of their revenue or profits from Bitcoin mining and/or from providing specialized chips, hardware, software or other services for companies dealing with Bitcoin -mining.” WGMI consists of 21 holdings and manages $ 147.2 million in total assets.

In contrast, Metal’s ETFs have been the best artists in 2025, according to Justetf. Several ETFs in gold mining ranks in the top five, with Equity World Basic Materials Daxglobal Gold Miners ETF up 38% years to date.

Bitcoin mining workers have been facing significant challenges this year, as the network hash speed-represent the computational power required to my Bitcoin continuing to climb up and hover near all heights around 832 EH/S. This has created a remarkable deviation between Bitcoin’s price and the hash frequency.

As a result, mining difficulties have also remained close to its peak, making it more difficult for miners to successfully successfully my new bitcoins. At the same time, transaction fees are extremely low, which further squeezes the minister’s profitability as rewards from treatment transactions remain minimal.