Grayscale Launches Bitcoin Miners ETF Under ‘MNRS’ Ticker
GrayScale launched a gray -Bitcoin miner ETF (MNR) to provide investors with exposure to companies operating to the Bitcoin mining industry.
The ETF focuses on the company contained in the INDXX Bitcoin miner index, which tracks most of the income business from Bitcoin mining or related services (including hardware, software, and infrastructure) from Bitcoin.
Innovation with encryption ETF continuously
The latest ETFs are those who want to invest in Bitcoin mining industry No digital assets are directly held. It caters to investors interested in companies related to Bitcoin price changes.
The fund will attract investors who may not want or have the ability to directly invest in cryptocurrencies.
However, the fund does not Invest in BitcoinOther digital currency, derivatives or initial coin products. It may indirectly contact digital assets by investing in companies that use or use it as part of business operations.
Overall, grayscale is still the main participants of the development of cryptocurrencies into the retail investment site.
David Lavalle, the head of GrayScale Global ETFS, told Beincrypto that “Bitcoin miners are the backbone of the network. With the increase of Bitcoin’s adoption and use, the use and usage rate of Bitcoin increases. A very attractive choice “” ”
At present, its Bitcoin Trust (GBTC) has more than $ 20 billion in assets. Although it is the pioneer of Bitcoin ETF, GBTC is currently ranked third Bellaide’s IBIT And FBTC.
The company has expanded its ETF products in recent months and has expanded the opportunity to invest in encryption.
In addition to launching MNR, GrayScale also contains Apply for Litecoin ETFSEC can be approved before other Altcoin ETFs. The company also submitted Enable Solana ETF months ago.
Gray The list of 40 digital assets disclosedIncluding AI and Meme token, they can integrate them into their investment products.
In December Open its scope trust (Hzen) to open to the recognized investorsIt has been maintained for many years but there have been no non -non -prescription products (OTC).
The company also has Introduce new trust for star (XLM), Lido roadAnd optimism, further expanded products centered on cryptocurrencies.
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