Valkyrie Bitcoin Miners

WGMI • NASDAQ

Valkyrie Bitcoin Miners is an exchange-traded fund on NASDAQ. As of Q3 2025, 48 institutional investors hold shares in this ETF, with total holdings valued at $48.3M. TWO SIGMA INVESTMENTS LLC is the largest holder with a position valued at $6.2M.

Overview

Overview of institutional ownership in WGMI as of Q3 2025

All Institutions

Institutions: 48
Value Held: $48.3M
Shares Held: 1.1M
Avg Position: $1.0M
Median Position: $498.3K

Hedge Funds

Hedge Funds: 2
Value Held: $6.2M
Shares Held: 140.0K
Avg Position: $3.1M
Median Position: $3.1M

Biggest Investors

Institutions with the largest positions in WGMI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$6.2M 0.01% of portfolio	140.0K shares	Q3 2025 Held for 2 months	$62.0B
Private Advisor Group, LLC RIA/Wealth	Franklin R Smith CEO	$5.3M 0.03% of portfolio	119.6K shares	Q2 2025 Held for 5 months	$20.3B
Maridea Wealth Management LLC RIA/Wealth	Sean Yuxiang Sun President	$4.1M 0.64% of portfolio	68.6K shares	Q4 2024 Held for 11 months	$640.8M
A Arlington Capital Management, Inc. Institution	-	$3.4M 2.21% of portfolio	77.6K shares	Q3 2025 Held for 2 months	$155.3M
G GROUP ONE TRADING, L.P. Institution	-	$3.1M 0.09% of portfolio	69.4K shares	Q4 2024 Held for 11 months	$3.3B
J JANE STREET GROUP, LLC Institution	-	$2.5M 0.00% of portfolio	57.3K shares	Q1 2022 Held for 3y 8m	$84.1B
Redwood Wealth Management Group, LLC RIA/Wealth	Samuel Clay Bridgers Managing Partner	$2.3M 1.66% of portfolio	52.3K shares	Q1 2024 Held for 1y 8m	$139.1M
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$2.3M 0.00% of portfolio	51.2K shares	Q1 2024 Held for 1y 8m	$71.1B
D D. E. Shaw & Co., Inc. Institution	-	$2.2M 0.00% of portfolio	49.1K shares	Q1 2025 Held for 8 months	$115.81B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$1.8M 0.00% of portfolio	41.7K shares	Q4 2023 Held for 1y 11m	$67.9B

Net Capital Flow

Institutional buying and selling activity for WGMI in Q3 2025

Traded: +$10.0M
Buyers: 27
Sellers: 13
Total Bought: +$22.7M
Total Sold: −$12.7M
Avg Position: $929.0K

Biggest Buyers

Institution	Net Bought	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$6.2M +140.0K shares	$6.2M 140.0K shares
A Arlington Capital Management, Inc. Institution	+$3.4M +77.6K shares	$3.4M 77.6K shares
Private Advisor Group, LLC RIA/Wealth	+$2.2M +49.5K shares	$5.3M 119.6K shares
D D. E. Shaw & Co., Inc. Institution	+$2.2M +49.1K shares	$2.2M 49.1K shares
G GROUP ONE TRADING, L.P. Institution	+$1.5M +34.8K shares	$3.1M 69.4K shares
J JANE STREET GROUP, LLC Institution	+$1.1M +24.6K shares	$2.5M 57.3K shares
Client First Investment Management LLC RIA/Wealth	+$897.4K +20.3K shares	$897.4K 20.3K shares
L LPL Financial LLC Institution	+$789.7K +17.9K shares	$789.7K 17.9K shares
B Belvedere Trading LLC Institution	+$724.2K +16.4K shares	$724.2K 16.4K shares
S SIMPLEX TRADING, LLC Institution	+$618.5K +14.0K shares	$619.7K 14.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$4.8M −107.8K shares	$1.8M 41.7K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$2.7M −61.4K shares	$2.3M 51.2K shares
M MATAURO, LLC RIA/Wealth	−$1.2M −26.4K shares	$553.3K 12.5K shares
Maridea Wealth Management LLC RIA/Wealth	−$1.1M −17.7K shares	$4.1M 68.6K shares
Redwood Wealth Management Group, LLC RIA/Wealth	−$874.0K −19.8K shares	$2.3M 52.3K shares
Valeo Financial Advisors, LLC RIA/Wealth	−$682.2K −30.0K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$680.8K −29.9K shares	Sold Off 0 shares
IMC-Chicago, LLC RIA/Wealth	−$335.2K −14.7K shares	Sold Off 0 shares
Fedenia Advisers LLC RIA/Wealth	−$312.7K −7.1K shares	$1.1M 23.8K shares
FWL INVESTMENT MANAGEMENT, LLC RIA/Wealth	−$49.9K −1.1K shares	$72.1K 1.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited WGMI in Q3 2025

New Positions: 10
New Value: $12.3M
Exited Positions: 4
Exited Value: $1.7M

New Positions

Institution	Position Value
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$6.2M 140.0K shares
A Arlington Capital Management, Inc. Institution	$3.4M 77.6K shares
Client First Investment Management LLC RIA/Wealth	$897.4K 20.3K shares
L LPL Financial LLC Institution	$789.7K 17.9K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	$443.4K 10.0K shares
S STIFEL FINANCIAL CORP Long Only Manager	$257.8K 5.8K shares
HighTower Advisors, LLC RIA/Wealth	$226.0K 5.1K shares
Strategic Advocates LLC RIA/Wealth	$79.6K 1.8K shares
SRS Capital Advisors, Inc. RIA/Wealth	$16.8K 380.0 shares
Friedenthal Financial RIA/Wealth	$45.0 1.0 shares

Exited Positions

Institution	Previous Position
Valeo Financial Advisors, LLC RIA/Wealth	$682.2K 30.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$680.8K 29.9K shares
IMC-Chicago, LLC RIA/Wealth	$335.2K 14.7K shares
H Headlands Technologies LLC Institution	$1.8K 79.0 shares

Options Activity

Institutions with the largest Call and Put options positions in WGMI as of Q3 2025

Call Positions: 7
Call Value: $32.3M
Put Positions: 6
Put Value: $32.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.5M 3.1K contracts
J JANE STREET GROUP, LLC Institution	$7.7M 1.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.9M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$2.2M 496.0 contracts
K K2 PRINCIPAL FUND, L.P. Institution	$1.3M 300.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$663.6K 150.0 contracts
B Belvedere Trading LLC Institution	$61.9K 14.0 contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$13.4M 3.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.6M 1.7K contracts
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	$5.3M 1.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.3M 1.2K contracts
W WOLVERINE TRADING, LLC Institution	$985.9K 223.0 contracts
B Belvedere Trading LLC Institution	$35.4K 8.0 contracts

Most Committed Institutions

Institutions with WGMI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Arlington Capital Management, Inc. Institution	-	2.21% $3.4M	77.6K shares	Q3 2025 Held for 2 months	$155.3M
Redwood Wealth Management Group, LLC RIA/Wealth	Samuel Clay Bridgers Managing Partner	1.66% $2.3M	52.3K shares	Q1 2024 Held for 1y 8m	$139.1M
A Alamea Verwaltungs GmbH Institution	-	0.76% $1.1M	25.0K shares	Q1 2025 Held for 8 months	$146.4M
Maridea Wealth Management LLC RIA/Wealth	Sean Yuxiang Sun President	0.64% $4.1M	68.6K shares	Q4 2024 Held for 11 months	$640.8M
Client First Investment Management LLC RIA/Wealth	Paul Zarling Managing Partner	0.46% $897.4K	20.3K shares	Q3 2025 Held for 2 months	$193.8M
Fedenia Advisers LLC RIA/Wealth	Ross Alexander Fedenia CEO	0.43% $1.1M	23.8K shares	Q4 2024 Held for 11 months	$242.5M
G GROUP ONE TRADING, L.P. Institution	-	0.09% $3.1M	69.4K shares	Q4 2024 Held for 11 months	$3.3B
N NWAM LLC Institution	-	0.09% $1.3M	28.7K shares	Q3 2024 Held for 1y 2m	$1.4B
M MATAURO, LLC RIA/Wealth	Matthew Evan Klein Founder	0.09% $553.3K	12.5K shares	Q1 2025 Held for 8 months	$629.4M
B Belvedere Trading LLC Institution	-	0.06% $724.2K	16.4K shares	Q1 2024 Held for 1y 8m	$1.2B

Hedge Fund Spotlight

Discover hedge funds investing in WGMI

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Valkyrie Bitcoin Miners

Market Value: $6.2M
Shares Held: 140.0K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%