- Grayscale Bitcoin Miners ETF (MNRS) was launched on January 30, 2025, on the New York Stock Exchange.
- The ETF provides exposure to global Bitcoin-mining companies, including Marathon Holdings, Riot Platforms, and Core Scientific.
- The Grayscale Bitcoin Miners ETF is passively managed and offers a targeted, pure-play exposure to the Bitcoin mining industry.
Grayscale has introduced a new exchange-traded fund called the Grayscale Bitcoin Miners ETF (MNRS).
According to a press release dated January 30, the ETF began trading on the NYSE Arca and offers investors a way to gain exposure to companies engaged in Bitcoin mining.
MNRS tracks the Indxx Bitcoin Miners Index and does not provide direct exposure to the price of BTC.
“The Grayscale Bitcoin Miners ETF offers investors targeted, pure-play exposure to Bitcoin miners and the Bitcoin mining industry. MNRS delivers this exposure through a passively managed, rules-based ETF that follows an index designed to reflect developments in the Bitcoin mining sector,” the firm said on the MNRS information page.
Introducing the Grayscale Bitcoin 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 more about $MNRS: https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy
— Grayscale (@Grayscale) January 30, 2025
The Fund Includes Marathon, Riot and Core Scientific
The current holdings of the Grayscale Bitcoin Miners ETF include leading mining companies such as Marathon Holdings, Riot Platforms and Core Scientific. MARA represents 16.66% of the fund, while RIOT and CORZ account for 11.92% and 9.2%, respectively.
Other Bitcoin-mining companies represented in the fund include Cleanspark Inc., IREN Ltd, HUT 8 CORP, Northern Data AG, Cipher Mining Inc., Terawulf Inc., and Applied Digital Corp.
“Bitcoin miners, the backbone of the network, are well positioned for meaningful growth as adoption and utilization of Bitcoin expand, making MNRS an appealing option for a broad range of investors,” said David LaValle, Global Head of ETFs at Grayscale, in a statement.
The current market price of MNRS is $25.31.