{"id":15964,"date":"2025-03-03T21:01:31","date_gmt":"2025-03-03T21:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15964"},"modified":"2025-03-03T21:01:31","modified_gmt":"2025-03-03T21:01:31","slug":"bitcoin-mining-etfs-under-pressure-as-falling-profits-weigh-on-miners","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15964","title":{"rendered":"Bitcoin Mining ETFs Under Pressure As Falling Profits Weigh On Miners"},"content":{"rendered":"
\n

JPMorgan’s latest Bitcoin Mining Monthly report reveals certain challenges for the cryptocurrency mining sector<\/a>, raising concerns for Bitcoin mining ETFs<\/a>. <\/p>\n

February saw Bitcoin’s price drop 5% to an average of $95,300, with a further decline to $89,700 by month-end. This marks a 13% decrease from January. <\/p>\n

This downturn had a direct impact on mining companies, with the total market cap of 14 U.S.-listed miners plunging 22%, erasing $6 billion in value. As these stocks tumbled, ETFs heavily weighted in Bitcoin miners, such as Valkyrie Bitcoin Miners ETF<\/strong> (NASDAQ:WGMI<\/a>), Bitwise Crypto Industry Innovators ETF<\/strong> (NYSE:BITQ<\/a>), and Global X Blockchain & Bitcoin Strategy ETF<\/strong> (NASDAQ:BITS<\/a>), likely faced significant drawdowns.<\/p>\n

WGMI lost more than 20% last month whereas BITQ lost around 17% during the same period. Meanwhile, thanks to a significant allocation in short-term Treasury Bills, BITS has managed to mitigate its monthly dip to about 2%.<\/p>\n

Also Read: Analysts Doubt US Crypto Reserve Expansion Beyond Bitcoin, Cite Funding Challenges<\/a><\/strong><\/p>\n

Mining Profitability Erosion And ETF Risks<\/strong><\/h2>\n

Beyond price declines, …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

JPMorgan’s latest Bitcoin Mining Monthly report reveals certain challenges for the cryptocurrency mining sector, raising concerns for Bitcoin mining ETFs. February saw Bitcoin’s price drop 5% to an average of $95,300, with a further decline to $89,700 by month-end. This marks a 13% decrease from January. This downturn had a direct impact on mining companies, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15964","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15964"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15964\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}