Grayscale has launched the Grayscale Bitcoin Miners ETF (MNRS), offering investors access to the Bitcoin mining industry.
Launch of Grayscale Bitcoin Miners ETF
Grayscale today launched a new exchange-traded fund (ETF) named the Grayscale Bitcoin Miners ETF (MNRS). It is now available for trading on the New York Stock Exchange Arca under the ticker MNRS.
Goals and Structure of the New ETF
This ETF provides investors with access to the Bitcoin mining industry, bypassing the need for direct Bitcoin holdings. The Grayscale Bitcoin Miners ETF mirrors the performance of companies in the Indxx Bitcoin Miners Index, a group of companies primarily earning through Bitcoin mining and providing ancillary services.
Key Participants in MNRS Fund
The fund includes top Bitcoin miners like Marathon Digital (16.66%), Riot Platforms (11.92%), and Core Scientific (9.2%). Other companies in the fund include CleanSpark, Iris Energy, and Hut 8.
The launch of the new ETF by Grayscale indicates growing interest in Bitcoin mining and its impact on the digital economy. Grayscale is confident in the successful development of the mining sector and its relevance to investors.
