WGMI: Is CoinShares Bitcoin Mining ETF Halal?
CoinShares Bitcoin Mining ETF
$45.34
Market Cap: 188.3M
Compliance Status
Not Halal
Screened on Sep 30, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is CoinShares Bitcoin Mining ETF (WGMI) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, CoinShares Bitcoin Mining ETF has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates CoinShares Bitcoin Mining ETF (WGMI) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 30, 2026. Source: https://halalscreener.app/en/stock/WGMI
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
73% of the basket's holdings were screened individually.
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About CoinShares Bitcoin Mining ETF
The CoinShares Bitcoin Mining ETF, identified by the ticker WGMI, is an actively managed fund that offers investors direct access to the Bitcoin mining sector. This ETF is professionally managed by a dedicated team from CoinShares Funds LLC, operating as CoinShares. This entity is a wholly-owned subsidiary of CoinShares International Limited, a renowned, publicly traded investment management company specializing in digital assets.
Sector: Financial Services · Industry: Asset Management - Cryptocurrency
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why WGMI is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (58.9%)
Basket Composition
73% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.