The cryptocurrency mining space is going through big changes, and Grayscale Investments is stepping in with its Bitcoin Miners ETF (MNRS) at a time when mining stocks are on the rise. Bitcoin (BTCUSD) hit a recent high above $102,000 earlier this week, and mining companies like Core Scientific (CORZ), and TeraWulf (WULF), have seen massive growth, with gains of 292% and 205% over the past year. On top of that, the global cryptocurrency market is expected to grow to $17.52 billion by 2033, with mining projected to grow at an annual rate of 12.9%.
The MNRS ETF launched on Jan. 30, 2025, just as the industry hit some major milestones.
