Grayscale launches Bitcoin Miners ETF to offer BTC mining exposure
Grayscale has announced the launch of the Grayscale Bitcoin Miners ETF (MNRS), a new investment product focusing on Bitcoin mining firms and infrastructure. This ETF, debuting on January 30, 2025, offers investors indirect exposure to Bitcoin mining without the need to invest in Bitcoin directly. MNRS will invest in companies included in the Indxx Bitcoin Miners Index, which tracks firms that derive most of their revenue from Bitcoin mining or related services. Grayscale highlights the critical role of miners in maintaining the Bitcoin network, asserting that the performance of mining firms is correlated with Bitcoin's price. Despite a surge in Bitcoin's value in 2024, miners' stocks underperformed, with some experiencing significant declines. David LaValle, Grayscale's global ETF head, emphasized that MNRS is designed to evolve with the industry and provide targeted exposure to investors seeking a diversified option in the crypto space.
Source 🔗