- Grayscale Bitcoin Miners ETF (MNRS) introduced at the New York Inventory Change on Jan. 30, 2025.
- The ETF supplies publicity to international Bitcoin mining corporations, together with Marathon Holdings, Rise up Platforms and Core Medical.
- Grayscale Bitcoin Miners ETF is passively controlled and gives ” focused, pure-play” publicity.
Grayscale has introduced a brand new exchange-traded fund dubbed The Bitcoin Mining ETF (MNRS).
Consistent with main points in a press unencumber on Jan. 30, the ETF is survive the New York Inventory Change Arca and offers funding publicity to Bitcoin mining corporations.
MNRS will observe the Indxx Bitcoin Miners Index and won’t be offering direct publicity to the BTC value.
“Grayscale Bitcoin Miners ETF gives traders focused, pure-play publicity to Bitcoin Miners and the Bitcoin Mining Business. MNRS delivers this within the type of an exchange-traded fund this is passively controlled, rules-based, and monitoring an index designed to evolve because the Bitcoin Mining trade evolves,” the corporate wrote at the MNRS web page.
Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS) ⛏ $MNRS gives traders focused, pure-play publicity to #Bitcoin Miners and the Bitcoin Mining Business, to be had without delay for your funding account.
Be informed extra about $MNRS: https://t.co/kCpi8yOYF1 %.twitter.com/6z5Kctq2Xy
— Grayscale (@Grayscale) January 30, 2025
Fund contains Marathon, Rise up and Core Medical
The Grayscale Bitcoin Miners ETF’s present composition contains best mining corporations comparable to Marathon Holdings, Rise up Platforms and Core Medical. MARA makes up 16.66% of the fund, whilst 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 Knowledge AG, Cipher Mining Inc., Terawulf Inc and Carried out Virtual Corp.
“Bitcoin Miners, the spine of the community, are well-positioned for vital enlargement as Bitcoin adoption and utilization will increase, making MNRS an interesting possibility for a various vary of traders,” David LaValle, international head of ETFs at Grayscale, mentioned in a commentary.
MNRS’ present marketplace value is $25.31.