WGMI Up 84% vs. HODL’s -15% Over Year, Underscoring Crypto ETF Tradeoffs

Overview

• Over the trailing 12 months measured to January 9, 2026, CoinShares’ WGMI returned about 84.0% while VanEck’s HODL fell roughly 15.1%.
• WGMI holds a basket of Bitcoin mining and infrastructure equities, whereas HODL is a physically backed, single-asset fund targeting Bitcoin’s price.
• Expense ratios differ materially, with WGMI at 0.75% compared with HODL’s 0.20%, affecting long-term holding costs.
• Reported volatility is far higher for WGMI, which carries an estimated beta of about 6.01, and neither ETF uses leverage or derivatives.
• HODL manages about $1.4 billion versus roughly $355.7 million for WGMI, and WGMI’s portfolio spans 24 names led by IREN, Cipher Mining, and Hut 8 with a track record of about 3.9 years.