Grayscale Investments LLC launched on Thursday the Grayscale Bitcoin Miners ETF (exchange-traded fund).
In a statement, Grayscale explained that the fund "offers investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry, available directly in your investment account."
Grayscale insisted that the Bitcoin Miners serve as "the backbone for the longevity and security of the Bitcoin network." On the first trading day, the price stood at $25.31.