Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS). This is the world’s first such ETF. It offers an alternative to investors who are looking for alternatives to direct investments in BTC.
This ETF will invest in companies from the Indxx Bitcoin Miners Index. This index tracks the performance of companies that earn a major chunk of their revenue from Bitcoin mining activities. However, MNRS will make no investments through derivatives.
Grayscale said that Bitcoin Miners are the backbone of the ever-growing Bitcoin community and a key component for Bitcoin adoption and usage.
‘Grayscale Bitcoin Miners ETF offers investors targeted exposure to Bitcoin miners and the global Bitcoin mining industry in a passively managed, rules-based, and index-tracked fund designed to evolve with the industry.’ – Grayscale.
This launch has also come at a time when the Bitcoin mining industry hasn’t been doing that great.
Most of the known firms recorded losses in 2024, despite Bitcoin surging 113%. Grayscale might have seen an opportunity here, especially after the appointment of pro-crypto POTUS Donald Trump.
Whether Grayscale believes the mining industry charts have bottomed out is hard to say. However, the launch of MNRS is a positive sign in that direction.
With Bitcoin looking promising to make new highs in the coming months, the whole crypto community is set to benefit, especially the meme coin segment.
If you’re looking to take advantage of the upcoming bull run, we’ve got something perfect for you: Best Wallet Token ($BEST).
What is $BEST?
$BEST is the native token of the Best Wallet App. It’s a non-custodial decentralized crypto wallet that lets you manage your crypto portfolio on 60+ chains in one place. The Best Wallet App has been growing every minute since its launch, with over 250,000 monthly active users and 500,000 total users.
The good news keeps coming as the app’s installation numbers are growing at a massive rate of 96.3% month-on-month, with an overall growth rate of 658% since its launch in November 2024.
The $BEST token gives you access to some handy and exclusive features within the Best Wallet App – including a built-in card for everyday spending.
For instance, you can get early insights into meme coins before their official claim dates. You also get priority access to the best new cryptos with the potential to explode before the general public gets access to them.
The $BEST presale has been a mammoth hit so far. It went on to raise $1M within the first 14 days of its launch.
Available at a price of just $0.0238 per token, the project has already raised over $8.7M. However, take note that the buying price is expected to increase in less than 24 hours. So you won’t get a chance to buy $BEST for this price again.
Why Can $BEST Be the Next 100x Meme Coin?
The developer team at Best Wallet has some ambitious plans for the project, and we’re here for it! For instance, Best Wallet aims to capture 40% of the crypto wallet market by 2026. The industry, by the way, is worth more than $10B. A major chunk of 40% would translate into an intrinsic valuation of a massive $4B.
The app is also working towards the integration of Solana ($SOL) Best Card’s launch for seamless crypto payments. This could add further fuel to its potential uptick.
Check out $BEST’s litepaper and its X feed for more information.
One of the best things is that users don’t need to comply with a tedious KYC process to start using Best Wallet.
At the same time, the internal team vets each token offered for presale on the app. So you don’t have to worry about running into scam websites or tokens. Best Wallet is also ranked 4th in the crypto industry when it comes to wallet fundraising.
You should remember that it’s the $BEST token that will ultimately benefit from the success of Best Wallet App.
All things considered, including the fact that $BEST is backed by ace investors, the idea that it can be the next 100x meme coin isn’t as far-fetched as one might think.
If you wish to invest in a revolutionary crypto wallet’s success, all you have to do is head over to Best Wallet Token’s official presale page. Alternatively, you can also buy $BEST directly from the Best Wallet App.
However, since the crypto landscape is pretty unpredictable, we recommend you do your own research before putting your hard-earned money into any asset.
Also, this article is not intended to be financial advice. And it can be a wise move to reach out to a professional for financial guidance before making a move in the markets.
Source: NewsBTC