Introducing MNRS: pure-play exposure to Bitcoin Mining

A message from For investors looking for differentiated exposure to the Bitcoin industry, we are excited to introduce MNRS, Grayscale Bitcoin Miners ETF. MNRS provides exposure to Bitcoin Miners and the global Bitcoin Mining industry at a time when we're seeing unprecedented interest and growth in Bitcoin.   Why is this theme exciting?   The Bitcoin Mining industry is critical to the Bitcoin network as they perform essential functions that maintain its security, integrity, and functionality. The work of Bitcoin Miners is integral to the existence and continuation of the Bitcoin network. As adoption of Bitcoin grows, we believe the Bitcoin Mining industry will only increase in value. For investors interested in Bitcoin-adjacent opportunities, or looking for an equity expression of Bitcoin, MNRS represents a new option.   What companies are included in MNRS?   MNRS tracks the Indxx Bitcoin Miners Index, and offers exposure to companies that are: Involved in the mining of Bitcoin and the verification of the Bitcoin network. Providing Bitcoin mining pool services and facilitating blockchain transaction processing. Providing the infrastructure for Bitcoin Mining – from data center hosting services to specialized hardware such as ASICs (Application-Specific Integrated Circuits) machines and GPUs (Graphics Processing Units). Why invest in MNRS? Focused Exposure: MNRS offers investors targeted, pure-play exposure to Bitcoin Miners and the global Bitcoin Mining Industry. MNRS delivers this in the form of an exchange-traded fund that is passively managed, rules-based, and tracking an index designed to adapt as the Bitcoin mining industry evolves. Bitcoin-Adjacent Opportunity: Bitcoin Miners carry a high, positive longer-term correlation to the price of Bitcoin1. Rising prices in Bitcoin may lead to higher revenue and increased gross margins for the Bitcoin Mining industry. We believe this offers investors both short and long-term opportunities. Long Term Growth Potential: Bitcoin Miners serve as the backbone for the longevity and security of the Bitcoin network. As a result, the Bitcoin Mining industry is well-positioned to grow as its underlying commodity, Bitcoin, Learn More Grayscale is a crypto-focused asset manager. We have over a decade of operational experience managing crypto funds and pioneered the model of offering exposure to cryptocurrencies in the form of a security. We're proud of our crypto expertise and work closely with individual and institutional investors as they explore this asset class as part of their portfolio allocation. For more information about MNRS, Grayscale, or any of our products, don't hesitate to reach out to us at info@grayscale.com or call 866-775-0313 to speak with one of our portfolio consultants. 1 Source: Bloomberg, L.P. 3/31/2022 - 12/31/2024. Correlation is measured by the daily performance results between the Indxx Bitcoin Miners Index (IBMIIN) and the CoinDesk Bitcoin Price Index (XBX).   Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing.   Investing involves risk and possible loss of principal. Shares of ETFs may trade at a premium or discount to their net asset value.   Grayscale Bitcoin Miners ETF ("MNRS" or "the Fund") is non-diversified therefore shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. MNRS is passively managed and attempts to mirror the composition and performance of the Indxx Bitcoin Miners Index (the "Index"). The Fund's returns may not match due to expenses incurred by the Fund or lack of precise correlation with the Index.   The Fund is new and has limited operating history to judge. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. These risks are magnified in emerging markets. Investments made in small to mid-capitalization companies are subject to greater risks than large company stocks due to limited resources and inventory, as well as being more sensitive to adverse conditions.   The Fund will not invest in digital assets directly or through the use of derivatives. The Fund also will not invest in initial coin offerings. The Fund may, however, have indirect exposure to digital assets by virtue of its investments in companies that use one or more digital assets as part of their business activities or that hold digital assets as proprietary investments. Because the Fund will not invest directly in any digital assets, it will not track price movements of any digital assets.   Global bitcoin mining companies that generate revenue from bitcoin mining activities or mining related hardware, software, and/or services and/or project (collectively, "Bitcoin Mining Companies") rely heavily on the success of the digital currency industry, the development and acceptance of which is subject to a variety of factors that are difficult to evaluate. Blockchain technology is new and many of its uses may be untested. The development and acceptance of competing platforms or technologies may cause consumers or investors to use an alternative to blockchains. Digital assets that are represented on a blockchain and trade on a digital asset exchange may not necessarily benefit from viable trading markets. Digital commodities and their associated platforms are largely unregulated, and the regulatory environment is rapidly evolving.   The Index is designed by Indxx (the "Index Provider") to consist of U.S. and non U.S. equity securities of companies that have been classified by the Index Provider as providing exposure to Bitcoin Mining Companies. Index returns assume that dividends are reinvested and do not include the effect of management fees or expenses. It is not possible to invest directly in an index.   MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser. This communication is not directed at any person located outside the United States.  Neither the Trust nor Grayscale is making an offer to sell shares or soliciting any offer to buy shares to any person located in any jurisdiction other than the United States.    This communication is the sole responsibility of the sponsor.  Neither Coindesk, Inc nor any of its affiliates ("Coindesk") are responsible for the content of this communication. Coindesk does not intend to make any offer or solicitation to any person with respect to any products and/or services referred to in this communication. Copyright © 2024 CoinDesk, All rights reserved.    169 Madison Ave., Ste 2635, New York, NY 10016, USA   You can manage your preferences here, unsubscribe from this content or unsubscribe from all CoinDesk email.

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The Bitcoin ETFs are on a six-day outflow streak that has led to the withdrawal of more than $2 billion from these funds.

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	Forwarded this email? Subscribe here for more Bitcoin ETFs see record $937 million outflow amid 6-day negative flow streak The Bitcoin ETFs are on a six-day outflow streak that has led to the withdrawal of more than $2 billion from these funds. CryptoSlate Feb 26   READ IN APP   Happy Wednesday! Bitcoin ETFs are facing a tumultuous period, with record outflows reaching $937 million in a single day, marking the largest withdrawal since January 2024. This trend has resulted in a staggering total of over $2 billion pulled from these funds in just six days, as investor sentiment shifts amid falling Bitcoin prices. Meanwhile, Strategy's stock is down 55% from its all-time high, raising concerns about forced liquidations. In contrast, Binance's CEO reassures that the recent market dip is merely a tactical retreat rather than a sign of structural weakness. Additionally, the XRP Ledger is gearing up for significant upgrades aimed at enhancing institutional DeFi capabilities, allowing banks to trade real-world assets securely. LATEST SLATECAST 🎙️ AuthLN’s Mike Siers on harnessing Bitcoin’s lightning network to revolutionize cybersecurity 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here  https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $2.89 trillion, with a 24-hour volume of $130.18 billion. The price of Bitcoin is $87,548.78, and BTC market dominance is 59.9%. The price of Ethereum is $2,428.53, and ETH market dominance is 10.1%. The best-performing sector is Communication, which gained 20%. The Crypto Fear & Greed Index is currently Extreme Fear (21). Bitcoin ETFs see record $937 million outflow amid 6-day negative flow streak The Bitcoin ETFs are on a six-day outflow streak that has led to the withdrawal of more than $2 billion from these funds. 📰 Top News Strategy stock is down 55% from ATH but forced liquidations highly unlikely – Kobeissi Strategy's leverage strategy faces scrutiny as the company juggles significant debt amid falling Bitcoin prices. Crypto market dip is a tactical retreat, not a trend reversal – Binance CEO Despite the recent crash, the movement aligns with previous cycles and does not represent structural weakness, says Richard Teng. XRP Ledger plans big upgrades to facilitate institutional DeFi XRPL's tokenization tools empower banks to trade real-world assets and utilize stablecoins within secure, decentralized financial markets. Ad: Justin Sun and WLFI Co-Founder Headline Consensus HK 2025 as TRON DAO Showcases T3 FCU At Consensus HK 2025, industry leader TRON DAO teams up with WLFI to push the boundaries of decentralized finance. 🗞️ More News Futures market sheds $2.24B in OI after Bitcoin’s drop to $88k Bybit unveils bounty platform to tackle crypto crime following massive Lazarus hack Could shifting GameStop’s $5 billion cash reserve to Bitcoin ignite the MOASS? Ethereum Foundation’s Aya Miyaguchi steps into new leadership role amid governance shift SEC drops investigation into Uniswap Labs causing UNI to surge 5% Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2025 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe

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Webinar: The Resurgence of Bitcoin-Backed Lending

Free Webinar: Wednesday, March 5, 2025 12 p.m. ET - Sponsored by Ledn

Hello,    You're invited to a webinar with Ledn to learn everything you need to know about Bitcoin-backed lending: its history, mechanics, benefits, and risks.  Webinar: The Resurgence of Bitcoin-Backed Lending  Date: Wednesday, March 5, 2025 Time: 12:00 p.m. ET Speakers:  Mauricio Di Bartolomeo, Co-Founder, Ledn Nick Neuman, Co-Founder & CEO, Casa Nolan Bauerle, Advisor, CoinDesk (Moderator)  Registration Link: https://events.coindesk.com/event/-the-resurgence-of-bitcoin-backed-lending-23 Sponsored by Ledn   What you can expect from this can't-miss session: Why is BTC the best collateral? What are some of the most applicable real-world use cases? We'll cover the most important intricacies of CeFi and DeFi that you need to understand before you invest. Unlock the full potential of your Bitcoin beyond just HODLing.   Reserve your spot today!   We look forward to having you join us for this insightful discussion   Sincerely, The CoinDesk Events Team   Copyright © 2024 CoinDesk, All rights reserved.  169 Madison Ave., Ste 2635, New York, NY 10016, USA You can manage your preferences here, unsubscribe from this content or unsubscribe from all CoinDesk email.

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Macro landscape holding Bitcoin in a consolidation range for over 90 days raised risks of the deeper correction.

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	Forwarded this email? Subscribe here for more Bitcoin crash forewarned by analysts citing sustained negative growth territory Macro landscape holding Bitcoin in a consolidation range for over 90 days raised risks of the deeper correction. CryptoSlate Feb 25   READ IN APP   Happy Tuesday! Bitcoin's recent plunge below $90,000 has sent shockwaves through the crypto market, with analysts warning of deeper corrections amid a backdrop of macroeconomic uncertainty. The fallout from former President Trump's tariff plans has exacerbated the situation, leading to significant declines across digital assets, particularly altcoins. As Bitcoin's short-term holder realized price becomes a focal point for support, the market grapples with volatility and investor sentiment remains shaky. Will this be a moment for recovery or further decline? Stay tuned as we delve into today's top headlines. LATEST SLATECAST 🎙️ AuthLN’s Mike Siers on harnessing Bitcoin’s lightning network to revolutionize cybersecurity 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here  https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $2.85 trillion, with a 24-hour volume of $206.3 billion. The price of Bitcoin is $86,786.84, and BTC market dominance is 60.3%. The price of Ethereum is $2,403.82, and ETH market dominance is 10.1%. The best-performing sector is Adult, which gained 8%. The Crypto Fear & Greed Index is currently Extreme Fear (25). 📰 Top News Bitcoin crash forewarned by analysts citing sustained negative growth territory Macro landscape holding Bitcoin in a consolidation range for over 90 days raised risks of the deeper correction. Trump tariffs trigger Bitcoin nosedive below $91k as altcoins crater Trump's tariff plans send shockwaves through crypto markets, sparking steep declines in digital asset values. Bitcoin’s short-term holder realized price remains a critical support amid market volatility The cost basis set by short-term holders has historically acted as the strongest support for Bitcoin's price. Ad: Justin Sun and WLFI Co-Founder Headline Consensus HK 2025 as TRON DAO Showcases T3 FCU At Consensus HK 2025, industry leader TRON DAO teams up with WLFI to push the boundaries of decentralized finance. 📈 Latest Insights Bitcoin plunges to three-month low as market volatility triggers $1.3 billion in liquidations Bitcoin Fear & Greed Index hits Extreme Fear mirroring $48k dip in 2024 before all-time high 🗞️ More News Citadel eyes crypto market making expansion amid regulatory shifts EU sanctions Russian crypto exchange Garantex over Ukraine conflict ties Bitcoin faces possible plunge to $70,000 if ETF sell-offs persist – Arthur Hayes SEC Crypto Task Force meets with Saylor, CCI, and MITRE to discuss regulation Sam Bankman-Fried tweets from prison, aligns himself with DOGE efficiency philosophy Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2025 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe

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