Grayscale rolls out ETF to give investors bitcoin mining exposure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
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Source: SeekingAlpha
Grayscale Launches Bitcoin Miners ETF: Grayscale has introduced the Grayscale Bitcoin Miners ETF (MNRS), which allows investors to gain exposure to companies involved in bitcoin mining, including notable firms like MARA Holdings and Riot Platforms.
Growth Potential of Bitcoin Miners: According to David LaValle from Grayscale, bitcoin miners are positioned for significant growth due to increasing adoption and usage of bitcoin, making the new ETF an attractive investment option.
Analyst Views on MNRS
Wall Street analysts forecast MNRS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MNRS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 36.450
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Current: 36.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
