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- Grayscale has launched a bitcoin minor ETF focusing on global mining companies.
- ETF provides exposure to bitcoin miners without direct investment in digital assets.
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Grayscale, a major asset management company specializing in Crypto Investing, launched a Bitcoin Miners ETF and exposes an investor in Bitcoin Minor and Global Mining Eco System through companies listed in the IndXX Bitcoin Mandiner Index. We aim to provide it.
According to the Press Release on January 30, the funds traded under Ticker MNRS are investing in companies obtained from companies that provide bitcoin mining activities or bitcoin mining services.
The index includes companies that provide bitcoin mining in frustration, such as data center hosting services, hardware makers, and software providers.
IndXX Bitcoin Miners Index is greatly weighted to some key players in the bitcoin mining industry at the last update.
Mara Holdings is the top 16.65 % of the list, and Riot Platforms and Core Scientific are 11.92 %, respectively, to 9.2 %. Only these three are composed for one -third of the entire index. Other remarkable ingredients include Cleanspark and Iren, despite the low weight.
Funds do not invest directly through digital assets and derivatives. In addition, we do not participate in the first coin provision. However, it is expected that the performance will be correlated with the price of bitcoin depending on the nature of the investment business.
ETFs are intended for investors seeking exposure to Bitcoin Eco System without direct investment in digital assets. This fund focuses on companies that support the transparency and security of bitcoin network through mining work.
“Bitcoin minor, a network backbone, is suitable for significant growth as bitcoin adoption and usage increase, and MNRS is an attractive option for diverse investors.”
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