tl;dr
Grayscale has launched a new investment product, the Grayscale Bitcoin Miners ETF, focused on the Bitcoin mining sector. The ETF, trading under the ticker MNRS on the New York Stock Exchange Arca, invests in companies listed on the Indxx Bitcoin Miners Index. It includes leading Bitcoin miners such ...
Grayscale has introduced a new investment product, the Grayscale Bitcoin Miners ETF, focused on the Bitcoin mining sector. The ETF, trading under the ticker MNRS on the New York Stock Exchange Arca, invests in companies listed on the Indxx Bitcoin Miners Index. It includes leading Bitcoin miners such as Marathon Digital, Riot Platforms, and Core Scientific. Grayscale highlighted the critical role of Bitcoin mining in supporting the broader crypto network and noted that the ETF offers indirect exposure to Bitcoin. The launch follows increased political interest in Bitcoin mining in the US, with discussions involving large US miners and representatives from the Trump administration.
This ETF exposes investors to firms operating within the Bitcoin mining ecosystem. It specifically invests in companies listed on the Indxx Bitcoin Miners Index, a proprietary benchmark that tracks global mining firms generating most of their revenue from Bitcoin-related activities, including mining hardware, software, and services. The fund’s composition includes leading Bitcoin miners, with Marathon Digital holding the largest allocation at 16.66%, followed by Riot Platforms at 11.92% and Core Scientific at 9.2%. Grayscale said that the ETF highlights the critical role of Bitcoin mining in supporting the broader crypto network. The company noted that miners are essential to Bitcoin’s transparency and long-term security. As a result, the ETF presents an alternative for investors who want indirect exposure to the top crypto without directly holding the asset, allowing them to benefit from the impact of price movements on publicly traded mining companies.
Grayscale’s new product launch follows a growing political interest in Bitcoin mining. During his campaign, US President Donald Trump advocated for increased domestic Bitcoin mining efforts. At the time, his team engaged with large US miners—including Marathon Digital, Riot Platforms, and Core Scientific—to explore ways to boost domestic mining operations, enhance energy security, and create jobs. More recently, MicroStrategy’s CEO Michael Saylor and executives from Marathon Digital held discussions with representatives from Trump’s administration.