Grayscale Launches Bitcoin Miners ETF as Mining Industry Poised for Massive Growth

CN
10 hours ago

Crypto asset management firm Grayscale Investments announced on Thursday that it has introduced the Grayscale Bitcoin Miners ETF (Ticker: MNRS), a new exchange-traded fund designed to provide investors with exposure to the bitcoin mining industry.

“Grayscale Bitcoin Miners ETF is Grayscale’s latest exchange-traded product offering investors exposure to bitcoin miners and the bitcoin mining ecosystem,” the company stated, adding:

The fund specifically invests in companies that comprise the Indxx Bitcoin Miners Index, a proprietary index designed to measure the performance of global bitcoin mining companies that generate the majority of their revenue from bitcoin mining activities or mining-related hardware, software, services, and/or projects.

By investing in mining firms rather than directly in digital assets, the fund offers an alternative for those seeking exposure to the bitcoin ecosystem without directly holding cryptocurrencies.

David LaValle, Global Head of ETFs at Grayscale, further highlighted the significance of the ETF, stating:

Grayscale Bitcoin Miners ETF offers investors targeted exposure to bitcoin miners and the global bitcoin mining industry in a passively managed, rules-based, and index-tracked fund designed to evolve with the industry.

He added that bitcoin miners are fundamental to the network’s infrastructure and are poised for growth as adoption and usage increase, making the MNRS ETF an attractive option for a wide range of investors.

Grayscale clarified that the fund will not directly invest in bitcoin, other digital assets, or initial coin offerings. However, it may have indirect exposure to cryptocurrencies through companies that integrate digital assets into their operations. The MNRS ETF is distributed by Foreside Fund Services LLC, while Grayscale Advisors LLC serves as the adviser.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink