The post Grayscale Announces Bitcoin Mining Industry ETF (MNRS) appeared on BitcoinEthereumNews.com.
On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS provides exposure to Bitcoin Miners and the global Bitcoin mining industry at a time when we’re seeing unprecedented interest and growth in Bitcoin,” stated Grayscale. The fund provides exposure to companies involved in Bitcoin mining and network verification, mining pool services, and infrastructure support, such as data centers, ASIC hardware, and GPUs. Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS) ⛏ $MNRS offers investors targeted, pure-play exposure to #Bitcoin Miners and the Bitcoin Mining Industry, available directly in your investment account. Learn more about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy — Grayscale (@Grayscale) January 30, 2025 Grayscale Expands Offerings Digital asset investor Mike Alfred said it was good timing, explaining that the fund tracks the Indxx Bitcoin Miners Index (IBMIIN) and its largest positions initially are Marathon Holdings (MARA) (16.9%), Riot Platforms (RIOT) (12.1%), Core Scientific CORZ (9.33%), CleanSpark (CLSK) (4.86%), and IREN (4.43%). David LaValle, Global Head of ETFs at Grayscale, said that BTC miners “are well-positioned for significant growth as Bitcoin adoption and usage increases, making MNRS an appealing option for a diverse range of investors.” Grayscale is the issuer behind four major spot ETFs, the Grayscale Bitcoin Trust ETF (GBTC), Bitcoin Mini Trust ETF (BTC), Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH). GBTC has lost $21.8 billion in outflows since spot ETFs were approved in the US a year ago. However, it still has $21 billion in assets under management and holds 201,319 BTC, according to the official website. Its lower fee Bitcoin Mini Trust has seen inflows of $1.2 billion over the past year, ranking it fifth among the eleven spot…