Grayscale Launches Bitcoin Miners ETF: What Investors Need to Know

Grayscale has introduced its latest exchange-traded fund (ETF), the Bitcoin Miners ETF (MNRS), giving investors a new way to gain exposure to the Bitcoin mining industry. Instead of holding Bitcoin directly, this ETF focuses on companies that earn most of their revenue from Bitcoin mining.

But how does it stand out from other crypto investment options?

How the Bitcoin Miners ETF Works

The $MNRS ETF tracks the Indxx Bitcoin Miners Index, which includes companies primarily involved in Bitcoin mining. Unlike traditional crypto funds, it does not invest in Bitcoin or other cryptocurrencies. Instead, it provides exposure to mining companies and related businesses, such as those producing mining hardware, software, and services.

Top Holdings and Market Price

Currently priced at $25.31, the ETF’s major holdings include:

• Marathon Holdings (16.66%)
• Riot Platforms (11.92%)
• Core Scientific (9.2%)

These companies play a key role in securing the Bitcoin network, and their growth is closely linked to Bitcoin’s overall success.

Why This ETF Matters for Investors

According to David LaValle, Global Head of ETFs at grayscale Investment grayscale Investment - Investment platform , Bitcoin miners are essential to the Bitcoin network’s expansion. As Bitcoin adoption increases, mining companies are expected to see significant growth.

For investors, $MNRS offers a way to invest in Bitcoin’s infrastructure without directly managing cryptocurrency holdings. This makes it an attractive option for those who want exposure to the mining sector without the complexities of owning Bitcoin.

Grayscale Expands Its Crypto Offerings

Grayscale is already a major player in the crypto investment space, best known for its Bitcoin Trust (GBTC), which manages over $20 billion in assets. However, competition is rising, with firms like BlackRock and Fidelity launching their own crypto ETFs.

Beyond $MNRS, Grayscale is expanding its offerings. The company has applied for a spot Litecoin ETF and is exploring investment products for other digital assets like Solana.

With the launch of $MNRS, Grayscale continues to create new investment opportunities, allowing investors to gain exposure to Bitcoin’s growing infrastructure in a more structured and accessible way.