Well now, gather ’round, folks! Grayscale, that fine purveyor of digital dollar dreams, has thrown its hat into the ring with MNRS, a fancy-schmancy exchange-traded fund (ETF) focused on those industrious Bitcoin miners. It’s the newfangled way for investors to ride the Bitcoin rally without having to get their hands dirty with actual crypto. Ain’t that a hoot? 🤑
What in the Sam Hill is the Grayscale Bitcoin Miners ETF MNRS?
Make way, because Grayscale, the big cheese in U.S. asset management, has just added another shiny bauble to its ETF collection. The Grayscale Bitcoin Miners ETF (yup, that’s MNRS for short) opens the floodgates for investors wanting a taste of the largest Bitcoin mining operations without the need to cozy up to miners themselves.
Introducing the Grayscale Bitcoin Miners ETF (Ticker: $MNRS)
Watch the full video, learn more about $MNRS, and see important disclosures:
— Grayscale (@Grayscale) January 30, 2025
As per Grayscale’s grand proclamation, MNRS promises to be a smooth ride, packed into a passively managed vessel that tracks an index more slippery than a greased pig. It’ll be rebalanced faster than you can say “digital gold” as the world of Bitcoin mining keeps on shimmying about.
Now, let’s chinwag about how MNRS operates—think of the income from Bitcoin mining companies as your prized commodity. So, with this nifty little ETF, Grayscale clients get to bask in the glory of the biggest cryptocurrency and its mining shenanigans. 🌟
On this glorious day, January 30, 2025, MNRS is strutting onto the NYSE stage, and the entry price is about the cost of a fancy dinner: $25.31 a share. Hold onto your hats, folks, we’re in for a ride!
Bitcoin (BTC) Hashrate: Up, Up, and Away!
In this wild ride of numbers, the bulk of MNRS funds are pouring into the financial coffers of MARA Holdings (MARA) and Riot Platforms (RIOT), the stalwarts of the Bitcoin mining realm. These two are raking in 16.66% and 11.92% of the MNRS pie, respectively. A cheer for them, why not?
If that wasn’t enough to tickle your fancy, Core Scientific, Cleanspark, IREN, HUT 8, and Northern Data AG are doing their part, holding up a combined 25% of MNRS’s treasure chest. Quite the all-star team they have, wouldn’t you say? 😄
Now, picture this: The Bitcoin mining landscape has been bustling like a bee on caffeine! Just this month, Bitcoin’s hashrate—the grand tally of hashes cranked out by our tireless miners—spiked to a jaw-dropping all-time high of over 863 Ehash/s, according to the nifty wizards at Bitinfocharts. Talk about miner fever!
Since the dawn of 2024, Bitcoin’s hashrate has almost doubled. This means our beloved miners are revved up and ready for action, all while getting downright giddy about Bitcoin’s price potential. Who knew numbers could be so entertaining? 💰
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2025-01-30 19:47