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Grayscale Investments introduced the Grayscale Bitcoin Miners exchange-traded fund (MNRS) on NYSE Arca on Thursday, providing investors with an additional method to gain exposure to Bitcoin mining companies.
Presenting the Grayscale Bitcoin Miners ETF (ticker: $MNRS)
$MNRS delivers investors focused, pure-play exposure to #Bitcoin Miners and the Bitcoin Mining Industry, accessible directly in your investment account.
Discover more about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy— Grayscale (@Grayscale) January 30, 2025
This ETF follows the Indxx Bitcoin Miners Index, which evaluates the performance of companies primarily involved in Bitcoin mining or related activities, including hardware, software, and services.
Exposure to Major Bitcoin Miners
The company stated that the Grayscale Bitcoin Miners ETF aims to provide targeted exposure to publicly listed Bitcoin mining firms, many of which are closely linked to Bitcoin’s price fluctuations.
The ETF’s top ten holdings feature some of the industry’s most notable participants, such as Marathon Digital Holdings with 16.6% exposure, Riot Platforms with 11.9% exposure, and Core Scientific at 9.2%.
These companies are crucial in securing the Bitcoin network and ensuring its long-term decentralization and transparency.
“Grayscale Bitcoin Miners ETF offers investors focused exposure to Bitcoin Miners and the global Bitcoin Mining industry in a passively managed, rules-based, and index-tracked fund designed to adapt with the industry,” stated David LaValle, global head of ETFs at Grayscale.
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“Bitcoin Miners, the backbone of the network, are well-positioned for significant growth as Bitcoin adoption and usage increase, making MNRS an appealing option for a diverse range of investors,” added LaValle.
While these Bitcoin mining companies constitute the ETF’s primary focus, Grayscale has also recently adjusted its broader crypto fund allocations.
Grayscale Modifies Fund Holdings for BTC and ETH Products
Earlier this month, Grayscale revealed modifications to its Digital Giant Cap Fund (GDLC) allocation, with Bitcoin (BTC) and Ethereum (ETH) now making up nearly 90% of the portfolio.
@Grayscale Digital Giant Cap Fund adjusts its BTC and ETH allocation to almost 90%, with XRP, SOL, and ADA comprising the remaining 10%.#Grayscale #Cryptocurrency #Blockchain https://t.co/5MqtBmXrV3
— Cryptonews.com (@cryptonews) January 9, 2025
@Grayscale Digital Giant Cap Fund adjusts its BTC and ETH allocation to almost 90%, with XRP, SOL, and ADA comprising the remaining 10%.#Grayscale #Cryptocurrency #Blockchain https://t.co/5MqtBmXrV3According to the announcement, GDLC allocates 73.52% to Bitcoin and 16.16% to Ethereum, together accounting for nearly 90% of the fund’s composition.
The remaining assets include XRP (5.05%), Solana (3.83%), and Cardano (1.44%).
The post Grayscale Launches Bitcoin Mining ETF on NYSE Arca appeared first on Cryptonews.
