Grayscale Investments launched the Grayscale Bitcoin Miners exchange-traded fund (MNRS) on NYSE Arca on Thursday, offering traders with one other method to achieve publicity to Bitcoin mining corporations.
Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS)
$MNRS provides traders focused, pure-play publicity to #Bitcoin Miners and the Bitcoin Mining Trade, obtainable 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 corporations primarily engaged in Bitcoin mining or associated operations, together with {hardware}, software program, and companies.
Publicity to Main Bitcoin Miners
The agency mentioned the Grayscale Bitcoin Miners ETF is designed to offer focused publicity to publicly traded Bitcoin mining corporations, lots of that are extremely correlated with Bitcoin’s value actions.
The ETF’s prime ten holdings embrace a few of the trade’s most outstanding gamers, reminiscent of Marathon Digital Holdings with 16.6% publicity, Riot Platforms with 11.9% publicity, and Core Scientific at 9.2%.
These corporations play a vital position in securing the Bitcoin community and guaranteeing its long-term decentralization and transparency.
“Grayscale Bitcoin Miners ETF provides traders 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,” mentioned David LaValle, world head of ETFs at Grayscale.
“Bitcoin Miners, the spine of the community, are well-positioned for vital progress as Bitcoin adoption and utilization will increase, making MNRS an interesting choice for a various vary of traders,” provides LaValle.
Whereas these Bitcoin mining corporations form the ETF’s core focus, Grayscale additionally just lately modified its broader crypto fund allocations.
Grayscale Adjusts Fund Holdings for BTC and ETH Merchandise
Earlier this month, Grayscale introduced changes to its Digital Massive Cap Fund (GDLC) allocation with Bitcoin (BTC) and Ethereum (ETH) now comprising almost 90% of the portfolio.
@Grayscale Digital Massive Cap Fund adjusts its BTC and ETH allocation to just about 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 virtually 90% of the fund’s composition.
The remaining holdings embrace XRP (5.05%), Solana (3.83%), and Cardano (1.44%).
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