CoinShares renames WGMI as bitcoin mining and digital power ETF

CoinShares PLC said on August 18, 2026 that its U.S.-listed WGMI fund has been renamed the CoinShares Bitcoin Mining and Digital Power ETF from the CoinShares Bitcoin Miners ETF, while keeping the Nasdaq ticker unchanged. The revised mandate broadens the portfolio beyond pure-play miners: at least 80% of net assets will now be allocated to Bitcoin Mining and Digital Power Companies, including businesses tied to bitcoin mining, hyperscale data centers (very large cloud-computing facilities), semiconductors for AI and data-center workloads, power generation and other infrastructure essential to data centers, and high-performance and quantum computing that supports AI. CoinShares said the change reflects three converging forces: post-halving mining economics after the April 2024 halving (preprogrammed cut in mining rewards), AI power and site constraints, and a clearer U.S. policy backdrop after the CLARITY Act and a joint SEC (U.S. markets regulator) and CFTC (U.S. derivatives regulator) token taxonomy that referenced bitcoin as a digital commodity. The fund still will not invest directly in bitcoin, or indirectly through derivatives or funds and trusts that hold bitcoin, and CoinShares noted that WGMI changed its investment strategy on August 11, 2026, meaning earlier performance may have been affected by a different approach.

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