Is CoinShares Bitcoin Mining ETF halal to invest in?

As of September 2026, CoinShares Bitcoin Mining ETF WGMI is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is CoinShares Bitcoin Mining ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes CoinShares Bitcoin Mining ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for CoinShares Bitcoin Mining ETF updated?

The Shariah compliance status of CoinShares Bitcoin Mining ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like CoinShares Bitcoin Mining ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of CoinShares Bitcoin Mining ETF?

You can check the latest Shariah compliance status of CoinShares Bitcoin Mining ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

CoinShares Bitcoin Mining ETF WGMI

WGMI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CoinShares Bitcoin Mining ETF is classified as not halal.

NOT HALAL

Is CoinShares Bitcoin Mining ETF Halal?

Shariah Compliance Analysis of WGMI ETF

US Equity Theme

No. As of September 2026, CoinShares Bitcoin Mining ETF (WGMI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CoinShares Bitcoin Mining ETF does not pass Musaffa's business and financial screening criteria.

WGMI was created on 2022-02-07 by CoinShares. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 249.8m in AUM and 24 holdings. WGMI provides active exposure to companies that derive at least 50% of their revenue from bitcoin mining operations and/or services related to bitcoin mining.

CoinShares Bitcoin Mining ETF (WGMI) Chart

Key Statistics of CoinShares Bitcoin Mining ETF (WGMI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
92.25%
Other
7.75%

FAQ's for CoinShares Bitcoin Mining ETF (WGMI)

As of September 2026, CoinShares Bitcoin Mining ETF WGMI is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes CoinShares Bitcoin Mining ETF using these criteria to determine its compliance status.
The Shariah compliance status of CoinShares Bitcoin Mining ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of CoinShares Bitcoin Mining ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.