Grayscale Investments launched the Grayscale Bitcoin Miners exchange-traded fund (MNRS) on NYSE Arca on Thursday, offering buyers with one other approach to achieve publicity to Bitcoin mining corporations.
Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS)
$MNRS affords buyers focused, pure-play publicity to #Bitcoin Miners and the Bitcoin Mining Trade, out there instantly in your funding account.
Be taught extra about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy— Grayscale (@Grayscale) January 30, 2025
This ETF tracks the Indxx Bitcoin Miners Index, which measures the efficiency of firms primarily engaged in Bitcoin mining or associated operations, together with {hardware}, software program, and providers.
Publicity to Main Bitcoin Miners
The agency stated the Grayscale Bitcoin Miners ETF is designed to supply focused publicity to publicly traded Bitcoin mining firms, a lot of that are extremely correlated with Bitcoin’s value actions.
The ETF’s high ten holdings embrace among the trade’s most distinguished gamers, similar to Marathon Digital Holdings with 16.6% publicity, Riot Platforms with 11.9% publicity, and Core Scientific at 9.2%.
These firms play a necessary function in securing the Bitcoin community and making certain its long-term decentralization and transparency.
“Grayscale Bitcoin Miners ETF affords buyers focused publicity to Bitcoin Miners and the worldwide Bitcoin Mining trade in a passively managed, rules-based, and index-tracked fund designed to evolve with the trade,” stated David LaValle, world head of ETFs at Grayscale.
“Bitcoin Miners, the spine of the community, are well-positioned for vital development as Bitcoin adoption and utilization will increase, making MNRS an interesting choice for a various vary of buyers,” provides LaValle.
Whereas these Bitcoin mining firms form the ETF’s core focus, Grayscale additionally not too long ago modified its broader crypto fund allocations.
Grayscale Adjusts Fund Holdings for BTC and ETH Merchandise
Earlier this month, Grayscale introduced changes to its Digital Giant Cap Fund (GDLC) allocation with Bitcoin (BTC) and Ethereum (ETH) now comprising practically 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
In keeping with the announcement, GDLC allocates 73.52% to Bitcoin and 16.16% to Ethereum, collectively forming nearly 90% of the fund’s composition.
The remaining holdings embrace XRP (5.05%), Solana (3.83%), and Cardano (1.44%).
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