Grayscale Investments has launched the Grayscale Bitcoin Miners ETF (ticker: MNRS), a new exchange-traded fund offering exposure to publicly traded Bitcoin mining companies.
Details on the new ETF
The fund tracks the Indxx Bitcoin Miners Index, targeting investors looking for exposure to the Bitcoin mining industry without direct investment in cryptocurrency. Bitcoin miners play a crucial role in the Bitcoin network, solving complex mathematical problems that secure transactions and maintain network operations.
Key players in the ETF
The MNRS ETF invests in companies whose majority revenue comes from mining operations or related activities. Its top ten holdings include Marathon Holdings, Riot Platforms, CleanSpark, Hut 8, and Core Scientific.
Investment alternatives
The launch of MNRS offers an alternative for investors seeking exposure to the cryptocurrency ecosystem without directly holding digital assets. Unlike direct Bitcoin investments, ETFs are traded on traditional stock exchanges, making them accessible through brokerage accounts. Grayscale is expanding its crypto-related investment products, allowing investors to participate in the growing cryptocurrency market within regulatory standards for publicly traded investment funds.
Grayscale continues to expand its lineup of investment products, offering new opportunities for investors interested in the crypto industry without the need for direct investments.
