Grayscale’s new ETF, MNRS, tracks Bitcoin mining firms and infrastructure, offering investors exposure to the mining industry without direct BTC investment.
Major cryptocurrency asset manager Grayscale continued expanding its crypto investment offerings, launching a new exchange-traded fund (ETF) offering exposure to Bitcoin mining.
Grayscale is debuting Grayscale Bitcoin Miners ETF (MNRS), an investment product offering exposure to Bitcoin (BTC ) miners and the BTC mining ecosystem, the company announced on Jan. 30.
The fund invests specifically in companies from the Indxx Bitcoin Miners Index, which tracks the performance of firms whose revenue comes mostly from BTC mining or mining-related hardware, software, services or other projects.
Read more,# Grayscale Expands the Crypto Buffet with New ETF MNRS!
## Key Points
– **Grayscale’s New Toy**: Meet the Grayscale Bitcoin Miners ETF (MNRS), the latest addition to the crypto investment buffet!
– **Mining for Gold (or Bitcoin)**: It offers a chance for investors to bet on Bitcoin mining firms without actually owning any digital coins. Because touching the hot fries is so last season!
– **Indxx Bitcoin Miners Index**: The fund tracks companies that profit primarily from Bitcoin mining or from selling shiny mining gear, so it’s like investing in your buddy’s garage band instead of the record label!
– **Launch Date**: Mark your calendars, folks! This exciting launch happened on January 30th.
### Hot Take!
Finally, an ETF that lets you mine the rewards without breaking a sweat—or a single ASIC miner! Who needs a pickaxe when you can ride the coattails of the miners? Just remember, while you’re diversifying your portfolio, there’s still no guarantee Bitcoin won’t turn into a digital pumpkin at midnight!
Let’s keep our eyes on the mining prize! #MiningMadness #GrayscaleGains #InvestingIsFun
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Original article: https://cointelegraph.com/news/grayscale-bitcoin-miners-etf-launch?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
