Grayscale Launches MNRS Bitcoin Miners ETF Amid Crypto Boom

Grayscale, a leading crypto asset manager, has introduced the Bitcoin Miners ETF (MNRS), offering investors exposure to Bitcoin (BTC) mining stocks without directly holding crypto. The ETF, passively managed and rules-based, tracks a dynamic index of major Bitcoin mining firms.

Debuting on NYSE under the ticker MNRS, the ETF launched on January 30, 2025, with an initial price of $25.31 per share. It features a portfolio of 25 key BTC mining-related companies, with MARA Holdings (16.66%) and Riot Platforms (11.92%) as the top allocations. Other holdings include Core Scientific, Cleanspark (CLSK), IREN, HUT 8, and Northern Data AG (NB2), collectively forming 25% of MNRS.

This ETF arrives as the Bitcoin mining industry experiences rapid growth. Over the past year, Bitcoin’s network hashrate surged nearly 100%, reaching an all-time high of 863 Ehash/s, reflecting increasing miner activity and bullish sentiment on BTC’s price trajectory.

By launching MNRS, Grayscale expands investment options in the evolving crypto sector, enabling investors to capitalize on Bitcoin’s mining boom without direct exposure to digital assets.