Grayscale launches Bitcoin miner ETF, offering new exposure to crypto
Grayscale Investments introduced the FNB bitcoin bitcoin miners in gray levels (Ticker: MNRS), a new grant fund on the stock market that provides exposure to Bitcoin mining companies listed in Bitcoin.
THE fundsFollowing the Indxx Bitcoin Miners index, is designed for investors who seek to expose themselves to the Bitcoin mining industry without investing directly in the cryptocurrency.
Bitcoin minors play a key role in Bitcoin (BTC) Network, using powerful computers to solve complex mathematical problems that secure transactions and maintain network operations. In return, minors are rewarded with newly created Bitcoin.
The MNRS ETF is investing in companies that generate most of their income from mining operations or related activities, such as the production of mining and software.
During the editorial staff, the Top Ten Holdings of the ETF include large mining companies such as Marathon Holdings, Riot Platform, Cleanspark, Hut 8 and Core Scientific.
David on stage, Gray levels The world chief of ETFs, said that the fund offers a “targeted exhibition” to the Bitcoin mining industry and is structured to evolve with the sector.
The FNB does not invest in Bitcoin itself but has actions of companies whose performance is often linked to the price of Bitcoin. When the Bitcoin value increases, mining companies generally see an increase in income and profits, which can benefit investors from the fund.
Crypto investment alternative
The launch of MNRS provides an alternative to investors who seek to exhibit the cryptocurrency ecosystem without directly holding digital assets.
Unlike Bitcoin direct investments, FNBs are negotiated on traditional scholarships, which makes them accessible via brokerage accounts.
Gray levels has developed Its investment products linked to the crypto, the MNR joining its range of funds which offer an exhibition to industries linked to the blockchain. The company’s approach allows investors to participate in the growing cryptocurrency market while adhering to regulatory standards for listed investment funds.
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