Description: The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF is an actively managed exchange-traded fund that is focused on investments within the cryptocurrency mining and mining infrastructure industries. RIGZ was created by Viridi to align profit with purpose – a growing number of investors are keen to gain exposure to the cryptocurrency sector through regulated investment vehicles, but also want to see active leadership and commitment to environmental sustainability. Bitcoin mining is a sector that is particularly well suited to such an investment product as, according to recent figures, over 50% of North American bitcoin mining is done using renewable energy sources, which is a trend that Viridi hopes to encourage through products like RIGZ.1 The Fund will be comprised of companies associated with the entire spectrum of cryptocurrency mining and infrastructure. The companies range from producers of semiconductors and specialized computer chips, to manufacturers of cryptocurrency mining hardware, to mining companies who secure long-term energy offtake agreements and operate this hardware to validate and process digital asset transactions ("miners"). While the Fund will not invest directly in cryptocurrencies, RIGZ will likely have indirect exposure to Bitcoin, Ethereum and other cryptocurrencies as many publicly listed miners have these assets on their balance sheets.
Exchange: NYSE ARCA
Country: US
Currency: US Dollar ($)
Category: Digital Assets
Asset Allocation | |||
---|---|---|---|
Asset Class | Long % | Short % | Net Assets |
Cash | 100.01 | 0.01 | 100.00 |
Sector Weights | ||
---|---|---|
Sector | Equity % | Relative to Category |
World Regions | ||
---|---|---|
Region | Equity % | Relative to Category |
Japan | 0.00 | 9.99 |
Australasia | 0.00 | 0.75 |
Asia Emerging | 0.00 | 5.51 |
Latin America | 0.00 | 0.95 |
North America | 0.00 | 72.82 |
Asia Developed | 0.00 | 2.19 |
United Kingdom | 0.00 | 0.98 |
Europe Emerging | 0.00 | 0.00 |
Europe Developed | 0.00 | 6.35 |
Africa/Middle East | 0.00 | 0.47 |