Leading crypto asset manager Grayscale has launched the Bitcoin Miners ETF (MNRS) launch, exposing investors to the mining ecosystem.
According to a press release, the newly launched fund will invest in companies under the Indxx Bitcoin Miners Index. This index tracks the performance of companies primarily generating revenue from Bitcoin mining and other mining-related services, hardware, and software.
Grayscale Bitcoin Miners ETF
Notably, Grayscale emphasized the importance of the Bitcoin mining industry, particularly in maintaining the network’s security. As a result, MNRS will grant investors indirect exposure to companies focused exclusively on Bitcoin mining or related activities.
In addition, the newly launched fund would serve as an alternative to direct Bitcoin investment.
Grayscale’s Global ETF Head, David Lavalle, noted investors can gain targeted exposure to Bitcoin miners through the MNRS fund.
Furthermore, Lavalle recognized Bitcoin miners’ role in securing the network. He emphasized that they are well-positioned for significant growth amid the soaring adoption of Bitcoin. Consequently, he mentioned that this growth potential makes MNRS a suitable investment vehicle for diverse investors.
MNRS Holdings
Data from Grayscale shows that the fund has an AUM of just $25.31 and only one outstanding share. The share is listed on the NYSE Arca Exchange and boasts a total expense ratio of 0.59% at the time of writing.
The fund gives investors indirect exposure to 26 global Bitcoin mining companies. The top 5 companies and their weightings include Mara Holdings (16.66%), Riot Platform (11.92%), Core Scientific (9.2%), Cleanspark (4.79%), and IREN Ltd (4.3%).
Grayscale Investments ETFs
Following the launch of MNRS, Grayscale Investments now offers five crypto-related ETFs. They include the Grayscale Bitcoin Trust ETF (GBTC), the Grayscale Bitcoin Mini ETF (BTC), the Grayscale Ethereum Trust ETF (ETHE), the Grayscale Ethereum Mini ETF (ETH), and the Grayscale Bitcoin Miners ETF.
The Grayscale spot Bitcoin and Ethereum ETFs are classified as crypto ETPs on the company’s website. However, according to Grayscale, MNRS launched as an equity ETF on its platform.
In the meantime, GBTC has witnessed a cumulative outflow of $21.86 billion, while the company’s mini Bitcoin ETF has a total inflow of $1.2 billion. Similarly, while the spot Grayscale Ethereum Trust has recorded an outflow of $3.86 billion, the mini Ethereum ETF boasts an inflow of $584.6 million.
How the MNRS fund will perform in the coming months remains to be seen.
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Source: https://thecryptobasic.com/2025/01/30/grayscale-launches-bitcoin-miners-etf-to-give-investors-exposure-to-btc-mining-ecosystem/?utm_source=rss&utm_medium=rss&utm_campaign=grayscale-launches-bitcoin-miners-etf-to-give-investors-exposure-to-btc-mining-ecosystem