Grayscale has introduced a new crypto-related investment product focused on the Bitcoin mining sector, according to a Jan. 30 statement shared with CryptoSlate.
The new product is called the Grayscale Bitcoin Miners ETF and is designed to track the performance of Bitcoin mining companies. The fund trades under the ticker MNRS on the New York Stock Exchange Arca.
Bitcoin miners ETF
This ETF exposes investors to firms operating within the Bitcoin mining ecosystem. It specifically invests in companies listed on the Indxx Bitcoin Miners Index, a proprietary benchmark that tracks global mining firms generating most of their revenue from Bitcoin-related activities, including mining hardware, software, and services.
The fund’s composition includes leading Bitcoin miners, with Marathon Digital holding the largest allocation at 16.66%, followed by Riot Platforms at 11.92% and Core Scientific at 9.2%.
Other notable allocations include
