Bitcoin News: CoinShares’ Bitcoin Mining ETF Named Worst Performing Fund of 2025

In a tough year for the cryptocurrency market, one particular exchange-traded fund (ETF) has stood out for its poor performance. The CoinShares’ Valkyrie Bitcoin Mining (WGMI) ETF has been named the worst-performing ETF of 2025, highlighting the challenges faced by the Bitcoin mining industry.

CoinShares’ Bitcoin Mining ETF Worst Performing Fund of 2025

CoinShares’ Valkyrie Bitcoin Mining (WGMI) ETF is the worst-performing ETF of 2025, down 43% year-to-date. The ETF, composed of publicly traded BTC miners, has seen significant declines in its holdings. IREN, the largest holding at 15%, is down 42%, followed by Core Scientific (CORZ) with a 14% weighting and a 48% decline. Cipher Mining (CIFR), the third-largest holding at 9.6%, is down 52%. Even Nvidia (NVDA), the sixth-largest holding at 5%, has dropped over 20% this year. The ETF’s investment strategy focuses on companies deriving at least 50% of their revenue or profits from bitcoin mining operations and/or providing specialized services to bitcoin mining companies.

Metaplanet Issues 2 Billion JPY ($13.3 M) in Bonds For BTC Purchases

Metaplanet Inc. has announced the issuance of its 10th series of ordinary bonds worth 2 billion Japanese yen (approximately $13.3 million) to fund additional Bitcoin purchases. The company’s board of directors approved the bond issuance to EVO FUND on March 31, 2025. This move is part of Metaplanet’s aggressive Bitcoin acquisition strategy, which has seen the company accumulate 3,350 BTC with an aggregate cost basis of 42.215 billion yen (approximately $281 million) as of March 24, 2025. The company’s CEO Simon Gerovich tweeted, “Buying The Dip,” suggesting the timing was strategic.

GameStop Approves Bitcoin Investment Policy

The GameStop board has approved an investment policy that includes Bitcoin and stablecoins. Undergoing a transformation, the company aims to diversify its assets and join the wave of institutional crypto adoption. No specific amount has been disclosed, but this shift could redefine the financial strategy of the gaming giant.

Bitcoin Miner MARA Raising $2 Billion to Buy BTC

Bitcoin miner MARA Holdings, the largest publicly traded Bitcoin mining company, has entered into an at-the-market (ATM) agreement with major financial firms to sell up to $2 billion worth of MARA stock. The proceeds will be used for general corporate purposes, including the acquisition of Bitcoin and for working capital. As of now, Bitcoin is trading at $81,416.81, down about 2.4% in the past 24 hours.

Best Crypto to Buy Now As Analysts Predict a Market Reversal

The price of Bitcoin has seen a constant fall in value over the past couple of weeks, but the CMF gap between $85k and $84k has been filled, leading many to believe a price reversal could occur. The target for Bitcoin could be around $88k, and breaking this barrier could potentially drive prices further up, with Bitcoin potentially crossing the $90k mark again. This makes it one of the best times to buy quality projects that may deliver exceptional ROIs in the coming weeks or months. One such example is BTC Bull, a token that aligns with Bitcoin’s narrative and timing.