- Grayscale Bitcoin Miners ETF (MNRS) launched on the New York Inventory Change on Jan. 30, 2025.
- The ETF gives publicity to international Bitcoin mining firms, 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 Change Arca and gives funding publicity to Bitcoin mining firms.
MNRS will observe the Indxx Bitcoin Miners Index and won’t supply direct publicity to the BTC worth.
“Grayscale Bitcoin Miners ETF offers investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry. MNRS delivers this in the form of an exchange-traded fund that is passively managed, rules-based, and tracking an index designed to adapt as the Bitcoin Mining industry 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, obtainable straight in your funding account.
Study extra about $MNRS: pic.twitter.com/6z5Kctq2Xy
— Grayscale (@Grayscale) January 30, 2025
Fund contains Marathon, Riot and Core Scientific
The Grayscale Bitcoin Miners ETF’s present composition contains high mining firms reminiscent of 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 firms within the fund are Cleanspark Inc., IREN Ltd, HUT 8 CORP, Northern Knowledge AG, Cipher Mining Inc., Terawulf Inc and Utilized Digital Corp.
“Bitcoin Miners, the backbone of the network, are well-positioned for significant growth as Bitcoin adoption and usage increases, making MNRS an appealing option for a diverse range of investors,” David LaValle, international head of ETFs at Grayscale, mentioned in a press release.
MNRS’ present market worth is $25.31.
