Grayscale Launches Bitcoin Miners ETF Providing Exposure to Mining Firms
2025-01-30
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Grayscale has introduced the Grayscale Bitcoin Miners ETF (MNRS), providing investors with exposure to companies operating in the Bitcoin mining industry. 
This ETF focuses on firms included in the Indxx Bitcoin Miners Index, which tracks businesses that generate most of their revenue from Bitcoin mining or related services, including hardware, software, and infrastructure.
Grayscale Continuous to Innovate with Crypto ETFs
The latest ETF offers an alternative for those looking to invest in the Bitcoin mining sector without directly holding digital assets. It caters to investors interested in companies linked to Bitcoin’s price movements. 
The fund will appeal to investors who may not want or have the ability to invest in cryptocurrencies directly.
However, the fund does not invest in Bitcoin, other digital currencies, derivatives, or initial coin offerings. It may have indirect exposure to digital assets through investments in companies that use or hold them as part of their business operations.
Overall, Grayscale remains a dominant player in developing products that are taking crypto to the retail investment scene. 
“Bitcoin Miners, the backbone of the network, are well-positioned for significant growth as Bitcoin adoption and usage increases, making MNRS an appealing option for a diverse range of investors,” David LaValle, Global Head of ETFs at Grayscale told BeInCrypto.
Currently, its Bitcoin Trust (GBTC) manages more than $20 billion in assets. Despite being the pioneer of Bitcoin ETF, GBTC currently ranks third behind BlackRock’s IBIT and Fidelity’s FBTC. 
The firm has expanded its ETF offerings in recent months, broadening access to crypto-related investments.
In addition to launching MNRS, Grayscale has applied for a spot Litecoin ETF, which the SEC could approve ahead of other altcoin ETFs. The company also submitted an application for a Solana ETF months ago.
Grayscale recently disclosed a list of 40 digital assets, including AI and meme tokens, that may be integrated into its investment products. 
In December, it opened its Horizen Trust (HZEN) to accredited investors, a product that had been maintained for years but was not previously available over-the-counter (OTC). 
The firm has also introduced new trusts for Stellar XLMUSD, Lido DAO, and Optimism, further expanding its crypto-focused offerings.