Grayscale Unveils New Bitcoin Miners ETF, Enabling Investments In Companies Supporting Bitcoin Mining
In Brief
Grayscale has launched the Bitcoin Miners ETF, offering investors exposure to Bitcoin miners and the broader Bitcoin mining ecosystem.
Cryptocurrency asset management firm Grayscale announced the launch of the Grayscale Bitcoin Miners Exchange-Traded Fund (ETF), providing investors with exposure to Bitcoin miners and the broader Bitcoin mining ecosystem.
This fund specifically invests in companies that are part of the Indxx Bitcoin Miners Index, a proprietary index designed to track the performance of global Bitcoin mining companies. These companies generate a large portion of their revenue from Bitcoin mining or from mining-related activities such as hardware, software, services, and projects. This fund is passively managed and follows a rules-based approach, tracking an index that adapts to the evolving Bitcoin mining sector.
Bitcoin mining plays a vital role in ensuring the transparency and long-term security of the Bitcoin network, and the new fund offers a way for investors to gain exposure to companies supporting this ecosystem. This option can appeal to those who are looking for an alternative to direct Bitcoin investment or to those who may not have access or are not yet ready to invest directly in Bitcoin or digital assets but still want exposure to companies that, according to Grayscale, are correlated to Bitcoin’s price, all within the familiar framework of an ETF.
Bitcoin miners typically exhibit a strong positive long-term correlation with the price of Bitcoin. As Bitcoin prices rise, Bitcoin mining companies may see higher revenue and improved gross margins, presenting potential opportunities for investors both in the short and long term.
Bitcoin Miners ETF Offers Exposure To MARA Holdings, Riot Platforms, Core Scientific And More
The current market price of the MNRS stands at $25.31, with an annual total expense ratio of 0.59%. The fund includes holdings from companies such as MARA by MARA Holdings, RIOT by Riot Platforms, CORZ by Core Scientific, CLSK by Cleanspark, and HUT by HUT 8 Corp, among others. The ETF is listed on NYSE Arca and can be accessed through various brokerage platforms, including E*TRADE, Interactive Brokers, Fidelity, Robinhood, TD Ameritrade, and Charles Schwab.
Grayscale provides investors with access to the digital economy through a range of regulated, forward-thinking investment products. Recently, Grayscale introduced two new cryptocurrency investment products: the Grayscale Lido DAO Trust and the Grayscale Optimism Trust. These products offer institutional and accredited investors the opportunity to gain exposure to tokens that are integral to the Ethereum ecosystem.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
