Breaking: Grayscale Rolls Out Bitcoin Miners ETF (MNRS) To Boost BTC Mining

Coingapestaff
January 30, 2025 Updated June 11, 2025
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Grayscale Rolls Out Bitcoin Miners ETF (MNRS) To Boost BTC Mining

Highlights

  • Grayscale has launched Bitcoin Miners ETF with ticker MNRS.
  • Bitcoin Miners ETF enables exposure to Bitcoin Mining, boosting Bitcoin mining and related ecosystems.
  • BTC price has reacted positively to the launch of MNRS.

In the most recent development, Grayscale has rolled out Bitcoin Miners ETF with a ticker MNRS to support Bitcoin Mining and related ecosystems. Grayscale already offers Spot Bitcoin ETF with Spot Ether ETF, and MNRS is now the latest entrant to ETF investments by the asset management firm. Bitcoin prices have started responding to this development by marking upticks in their values.

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Grayscale Launches Bitcoin Miners ETF (MNRS)

Grayscale has officially launched MNRS, which is a ticker for Bitcoin Miners ETF. The objective is to support the ecosystem that is related to Bitcoin mining. The asset management firm is offering passive exposure to investors by enabling them to allocate a share of their portfolios to the ETF which will invest in companies that comprise the Indxx Bitcoin Miners Index. Bitcoin Miners ETF comes as an alternative to direct investment in BTC.

David LaValle, Global Head of ETFs at Grayscale, has said that Grayscale® Bitcoin Miners ETF offers investors a targeted exposure to Bitcoin Miners and the Bitcoin Mining industry which is spread across the globe. David has further stated that the opportunity is a rule-based and index-tracked fund designed to evolve with the industry. He has acknowledged that Bitcoin miners are the backbone of the network and has said that they are well-positioned to grow significantly with the increase in Bitcoin adoption and its usage.

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Performance of Grayscale’s BTC and Ether ETFs

As Grayscale prepares to record the performance of BTC Miners ETF (MNRS), it is already seeing movements in Spot Bitcoin ETF and Spot Ether ETF. Grayscale’s GBTC fund flows were muted from January 28, after witnessing an outflux of $108.5 million on Monday.
. The historical cumulative outflow has reached $21.8 billion as of Jan 30 with an average outflow of $83.1 million, according to Farside Investors. Interestingly, the overall sentiments around Spot Bitcoin ETFs are bullish, especially since the US state of Indiana has sought Bitcoin ETF exposure for retirement funds.

Grayscale’s ETHE last recorded an outflow of $15.7 million on Jan 29, and is yet to report a flow for the next day. The historical cumulative outflow for Grayscale’s ETHE stands at $3.8 billion as of Jan 30, according to Farside Investors. Notably, Grayscale’s Spot Ether ETF, ETHE, is yet to record an inflow since Jan 13.

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BTC Price Reaction

Bitcoin price has reacted positively to the update for Grayscale’s BTC Miners ETF. It is now adding to BTC recovery after FOMC by setting a potential target of $109k. Bitcoin is up by 2.56% over the last 24 hours and is being traded at $105,055.67. It also reflects a surge of 3.51% over the last 7 days and 11.11% in the last 30 days.

Data from CoinMarketCap highlights that there is an increase of 23.55% in the 24-hour trading volume of BTC. Development about Grayscale BTC Miners ETF launch and price recovery has strengthened its position as the best crypto to buy this month. It now remains to be seen how Grayscle’s Bitcoin Miners ETF (MNRS) performs in the market.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.