Grayscale Launches Bitcoin Miners ETF on NYSE Arca for Investors

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Grayscale Invеstments, the cryptocurrency asset manager, has introduced the Grayscale Bitcoin Miners ETF (MNRS) on NYSE Arca, offering investors a new way to invest in Bitcoin mining companies.

Key Points

Grayscale Investments, the cryptocurrency asset manager, has introduced the Grayscale Bitcoin Miners ETF (MNRS) on NYSE Arca, offering investors a new way to invest in Bitcoin mining companies
com/6z5Kctq2Xy— Grayscale (@Grayscale) January 30, 2025 The ETF’s top ten holdings feature several leading Bitcoin mining firms, including Marathon Digital Holdings with a 16
These companies are key contributors to the security, decentralization, and transparency of the Bitcoin network

The company unveiled the MNRS on January 20. The fund targets companies listed on the Indxx Bitcoin Miners Index, which includes firms primarily generating revenue from Bitcoin mining, as well as related hardware, software, services, and other initiatives.

Introducing the Grayscаle Bitcоin Miners ETF (ticker: $MNRS) ⛏ $MNRS offers investors targeted, pure-play exposure to #Bitcoin Miners and the Bitcoin Mining Industry, available directly in your investment account.

Learn morе about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy
— Grayscale (@Grayscale) January 30, 2025

The ETF’s top ten holdings feature several leading Bitcoin mining firms, including Marathon Digital Holdings with a 16.6% allocation, Riot Platforms at 11.9%, and Core Scientific with 9.2%. These companies are key contributors to the security, decentralization, and transparency of the Bitcoin network.

Grayscale clarified that the MNRS will not directly invest in digital assets or derivatives. However, the fund could have indirect exposure to digital assets through its investments in Bitcoin mining companies.

The asset manager’s latest investment product reflects the company’s recognition of the vital role the Bitcoin mining industry plays in supporting the BTC network.

“The work of Bitcoin miners is integral to the existence and continuation of the Bitcoin network,” Grayscale stated, emphasizing that miners play a crucial role in maintaining the network’s security, integrity, and functionality.

Earlier this month, Grayscale updatеd the asset allocation of its Digital Large Cap Fund (GDLC), with Bitcoin (BTC) and Ethеreum (ETH) now making up nearly 90% of the portfolio. According to the announcement, GDLC’s composition now includes 73.52% Bitcoin and 16.16% Ethereum. The remaining assets in the fund consist of XRP (5.05%), Solana (3.83%), and Cardano (1.44%).

Grayscale Experiences Billions in Outflows

Grayscale’s launch of the Bitcoin Miners ETF follows news that the Grayscale Bitcoin Trust (GBTC) has recorded $21 billion in outflows since its January 2024 launch, making it the only U.S. spot Bitcoin ETF to experience a net decline in investments.

According to data, the GBTC recorded average daily outflows of $89.9 million over the past 11 months. As of December 16, total outflows reached approximately $21.045 billion, with the trust continuing to see multimillion-dollar losses in investments оn a daily bаsis.

Despite all 10 U.S. spot Bitcoin ETFs maintaining positive balance sheets, the significant outflows from the GBTC have outweighed the combined inflows of сompeting funds.

The Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, Valkyrie Bitcoin Fund, VanEck Bitcoin ETF, WisdomTree Bitcoin Fund, and Grayscale Bitcoin Mini Trust ETF have collectively attracted $20.737 billion in investments.

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MICHAELA

Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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