MNRS: Grayscale Launches Bitcoin Mining ETF
The asset manager Grayscale has launched a new Bitcoin Mining ETF, known by the ticker MNRS. This index fund offers targeted exposure to a global basket of publicly traded Bitcoin mining companies such as MARA, RIOT, and CORZ. According to BTC-ECHO, these miners have shown strong positive long-term correlation with the price of Bitcoin itself. While the cryptocurrency saw an increase of 140% over the past year, some mining firms experienced gains exceeding 150%. The current market price for this ETF is $25.32 USD; however, it remains unavailable for trading among German private investors at present.
Grayscale's other offerings include their BTC Spot ETF (GBTC), which recorded net outflows surpassing $21 billion in one year. Another product— the Grayscale Bitcoin Mini Trust ETF—attracted inflows amounting to approximately $1.2 billion during that same period, according to data provided on the BTC-ECHO website.
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