GrayScale launches Bitcoin Miners ETF in NYSE

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Gray Scale has introduced a new encryption -related investment product that focuses on the Bitcoin mining sector, according to the January 30 statement. cryptoslate.

This new product is called GrayScale Bitcoin Miners ETF and is designed to track the performance of Bitcoin Mining Companies. The fund is traded according to the market price MNR of the New York Stock Exchange ARCA.

Bitcoin miner ETF

This ETF exposes investors to companies operating within the Bitcoin Mining Ecosystem. In particular, we invest in the company listed in the INDXX BITCOIN MINERS Index, an exclusive benchmark that traces global mining companies that make most of their profits from Bitcoin -related activities, including mining hardware, software and services.

The configuration of the fund includes major bitcoin miners, and marathon digital has the largest assignment of 16.66%, with a 11.92%riot platform and a 9.2%core science.

Other notable assignments include CleanSpark (4.79%), iris energy (4.37%) and hut 8 (4.2%). Companies such as Northern Data, Cipher Mining, Applied Digital, and Terawule are small between 3.59% and 4.17%.

GrayScale said ETF emphasizes an important role in mining bitcoin mining that supports wider encryption networks.

The company pointed out that miners are essential for Bitcoin’s transparency and long -term security. As a result, the ETF provides an alternative to investors who want to be indirectly exposed to top encryption without holding assets directly, allowing them to benefit from the impact of price fluctuations on the mine companies that are openly traded.

David Lavalle, Grayscale’s ETFS global manager, explained the fund as a passive rules -based ETF that evolves in the industry. He pointed out that Bitcoin miners remain as a backbone of the network and can grow significantly as adoption increases.

US Bitcoin Mining Vision

Grayscale’s new product launches are increasing political interest in Bitcoin mining. US President Donald Trump has advocated to increase domestic Bitcoin mining efforts during the campaign..

At the time, his team worked with large US miners, including marathon digital, riot platforms and core sciences, to promote domestic mining, improve energy security, and create jobs.

In recent years, executives from Michael Saylor and Marathon Digital, CEOs of MicroStrategy, have discussed with representatives of the Trump administration.