An exchange traded fund offering exposure to Bitcoin miners that gain most of their power from renewable energy sources will begin trading in New York today. The Valkyrie Bitcoin Miners ETF will trade under the ticker WGMI – a nod to the ‘we’re gonna make it’ meme embraced by crypto followers, with the initial portfolio’s largest holdings including Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP), Bitfarms (TSX-V:BITF), and Hive Blockchain, with allocations between 8%-10%.
Tesla Inc (NASDAQ:TSLA) is now holding US$1.99bln worth of Bitcoin, a US regulatory filing has confirmed. The carmaker said it had invested around US$1.5bn in Bitcoin during 2021 and “the fair market value” of its holdings was US$1.99bn, it said in a document issued to the Securities and Exchange Commission (SEC).