From Nasdaq: 2024-05-02 08:15:00

In 2023, Bitcoin mining stocks like Marathon Digital and Riot Platforms soared, up triple digits. However, in 2024, the industry faces challenges, with some stocks down as much as 20%. Consider diversifying with a Bitcoin mining ETF like Valkyrie Bitcoin Miners ETF (WGMI), which was up 235% in 2023 but down 7% in 2024.

The Bitcoin halving in 2024 led to a cut in mining rewards by 50%, impacting top-line revenue for miners. Those with powerful rigs and low costs can survive, but many are struggling due to debt and high costs. An ETF like Valkyrie’s can provide diversified exposure, including holdings like Advanced Micro Devices and Nvidia.

When investing in ETFs, there are trade-offs to consider between upside potential and risk management. The market’s cyclical nature, especially with Bitcoin halvings every four years, necessitates a more active approach. Would you put $1,000 in Valkyrie Bitcoin Miners ETF? Consider the insights from Stock Advisor analysts before making a decision.



Read more at Nasdaq: Thinking of Buying a Bitcoin Mining Stock After the Halving? Consider a Bitcoin Miner ETF Instead