- Grayscale Bitcoin Miners ETF (MNRS) launched on the New York Inventory Alternate on Jan. 30, 2025.
- The ETF gives publicity to world Bitcoin mining corporations, together with Marathon Holdings, Riot Platforms and Core Scientific.
- Grayscale Bitcoin Miners ETF is passively managed and presents ” focused, pure-play” publicity.
Grayscale has launched a brand new exchange-traded fund dubbed The Bitcoin Mining ETF (MNRS).
Per particulars in a press launch on Jan. 30, the ETF is stay on the New York Inventory Alternate Arca and gives funding publicity to Bitcoin mining corporations.
MNRS will observe the Indxx Bitcoin Miners Index and won’t provide direct publicity to the BTC worth.
“Grayscale Bitcoin Miners ETF presents buyers focused, pure-play publicity to Bitcoin Miners and the Bitcoin Mining Trade. MNRS delivers this within the type of an exchange-traded fund that’s passively managed, rules-based, and monitoring an index designed to adapt because the Bitcoin Mining business evolves,” the corporate wrote on the MNRS web page.
Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS) ⛏ $MNRS presents buyers focused, pure-play publicity to #Bitcoin Miners and the Bitcoin Mining Trade, out there immediately in your funding account.
Be taught extra about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy
— Grayscale (@Grayscale) January 30, 2025
Fund consists of Marathon, Riot and Core Scientific
The Grayscale Bitcoin Miners ETF’s present composition consists of high mining corporations comparable to Marathon Holdings, Riot Platforms and Core Scientific. MARA makes up 16.66% of the fund, whereas RIOT and CORZ make up 11.92% and 9.2% respectively.
Different BTC mining corporations within the fund are Cleanspark Inc., IREN Ltd, HUT 8 CORP, Northern Information AG, Cipher Mining Inc., Terawulf Inc and Utilized Digital Corp.
“Bitcoin Miners, the spine of the community, are well-positioned for vital progress as Bitcoin adoption and utilization will increase, making MNRS an interesting possibility for a various vary of buyers,” David LaValle, world head of ETFs at Grayscale, stated in a press release.
MNRS’ present market worth is $25.31.
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