Grayscale Introduces Bitcoin Miners ETF Amid Growing Industry Interest
On January 30, Grayscale announced the launch of the Grayscale Bitcoin Miners ETF (MNRS), a passively managed fund designed to track the performance of the Indxx Bitcoin Miners Index. This new ETF provides investors with exposure to the Bitcoin mining sector, including companies engaged in mining operations, network validation, mining pool services, and infrastructure support such as data centers, ASIC hardware, and GPUs.
A Strategic Move in a Booming Sector
Grayscale emphasized the growing demand for Bitcoin-related investments, stating:
“MNRS provides exposure to Bitcoin miners and the global Bitcoin mining industry at a time when we’re seeing unprecedented interest and growth in Bitcoin.”
Digital asset investor Mike Alfred highlighted the ETF’s strong initial holdings, which include:
- Marathon Holdings (MARA) – 16.9%
- Riot Platforms (RIOT) – 12.1%
- Core Scientific (CORZ) – 9.33%
- CleanSpark (CLSK) – 4.86%
- IREN – 4.43%
David LaValle, Grayscale’s Global Head of ETFs, noted that Bitcoin miners are well-positioned for long-term growth as BTC adoption continues to rise, making MNRS an attractive investment opportunity.
Grayscale’s Expanding ETF Portfolio
Grayscale remains a dominant player in the crypto ETF space, managing multiple products, including:
- Grayscale Bitcoin Trust ETF (GBTC)
- Grayscale Bitcoin Mini Trust ETF (BTC)
- Grayscale Ethereum Trust ETF (ETHE)
- Grayscale Ethereum Mini Trust ETF (ETH)
Despite losing $21.8 billion in outflows since the approval of spot Bitcoin ETFs in the U.S., GBTC still holds 201,319 BTC and manages approximately $21 billion in assets. Meanwhile, the lower-fee Bitcoin Mini Trust has attracted $1.2 billion in inflows over the past year, ranking fifth among the eleven spot BTC ETFs in the U.S.
Grayscale has also filed applications with the U.S. Securities and Exchange Commission (SEC) for potential spot Litecoin (LTC) and Solana (SOL) ETFs, signaling further expansion in the digital asset investment space.
Crypto ETF Market Updates
In other industry developments, the SEC approved Bitwise’s application for a dual-asset spot Bitcoin and Ethereum ETF on January 30. This new fund, the Bitwise Bitcoin and Ethereum ETF, will allocate holdings based on market capitalization, with an estimated 83% BTC and 17% ETH weighting at the time of filing.
Additionally, Bitwise has filed for a spot Dogecoin (DOGE) ETF, while Tuttle Capital submitted proposals for ten leveraged crypto ETFs.
As the digital asset market continues to evolve, these developments mark significant steps in mainstream cryptocurrency investment accessibility.
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