On Jan. 30, the agency introduced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF monitoring the mining business and the Indxx Bitcoin Miners Index.
“MNRS supplies publicity to Bitcoin Miners and the worldwide Bitcoin mining business at a time once we’re seeing unprecedented curiosity and progress in Bitcoin,” acknowledged Grayscale.
The fund supplies publicity to firms concerned in Bitcoin mining and community verification, mining pool providers, and infrastructure help, similar to knowledge facilities, ASIC {hardware}, and GPUs.
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 straight in your funding account.
Study extra about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy
— Grayscale (@Grayscale) January 30, 2025
Grayscale Expands Choices
Digital asset investor Mike Alfred stated it was good timing, explaining that the fund tracks the Indxx Bitcoin Miners Index (IBMIIN) and its largest positions initially are Marathon Holdings (MARA) (16.9%), Riot Platforms (RIOT) (12.1%), Core Scientific CORZ (9.33%), CleanSpark (CLSK) (4.86%), and IREN (4.43%).
David LaValle, International Head of ETFs at Grayscale, stated that BTC miners “are well-positioned for important progress as Bitcoin adoption and utilization will increase, making MNRS an interesting possibility for a various vary of buyers.”
Grayscale is the issuer behind 4 main spot ETFs, the Grayscale Bitcoin Belief ETF (GBTC), Bitcoin Mini Belief ETF (BTC), Grayscale Ethereum Belief ETF (ETHE) and Grayscale Ethereum Mini Belief ETF (ETH).
GBTC has misplaced $21.8 billion in outflows since spot ETFs had been accepted within the US a yr in the past. Nonetheless, it nonetheless has $21 billion in property below administration and holds 201,319 BTC, in accordance with the official web site.
Its decrease payment Bitcoin Mini Belief has seen inflows of $1.2 billion over the previous yr, rating it fifth among the many eleven spot BTC ETFs within the US.
The corporate has filed functions with the US Securities and Change Fee for a spot Litecoin ETF and spot Solana ETF.
Crypto ETF Newest Information
On Jan. 30, the SEC accepted an utility from Bitwise to record a joint spot Bitcoin and Ethereum ETF providing publicity to each property.
The “Bitwise Bitcoin and Ethereum ETF” would maintain BTC and ETH weighted in accordance with every asset’s relative market capitalization, which was 83% BTC and 17% ETH on the time of submitting.
Bitwise additionally filed for a spot Dogecoin (DOGE) ETF this week, whereas Tuttle Capital filed for ten leveraged crypto ETFs.
Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome supply on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!