Crypto Management Giant Grayscale Launches New Bitcoin Miners ETF (MNRS)
Grayscale, a crypto asset management firm, has launched the Grayscale Bitcoin Miners ETF (MNRS), which invests in a proprietary BTC index focused on firms primarily funded through Bitcoin mining. This ETF offers traders exposure to Bitcoin without needing to purchase it directly. According to Grayscale's Global Head of ETFs, MNRS aims to provide growth opportunities linked to Bitcoin's price. As of now, MNRS is trading at $26.64, showing a slight increase in the last 24 hours.
Crypto asset management firm Grayscale is launching a new Bitcoin (BTC) mining exchange-traded fund (ETF).
According to a new press release, Grayscale announced the launch of the Grayscale Bitcoin Miners ETF (MNRS), a fund that invests in a proprietary BTC index designed to measure the performance of firms that obtain most of their funds through mining the crypto king.
ETFs allow traders to expose themselves to specific assets, such as gold or cryptocurrencies, without ever having to actually purchase any physical product.
As stated by David LaValle, Global Head of ETFs at Grayscale, in the press release,
On its official website, Grayscale says that MNRS provides both short and long-term growth opportunities for investors due to its correlation with the price of the top crypto asset by market cap.
MNRS is trading for $26.64 at time of writing, a fractional increase during the last 24 hours.
