Grayscale Rebrands Bitcoin Miners ETF as AI Compute Fund (GCPU)
- —MNRS converted to GCPU on September 22; expense ratio 0.59%, listed on NYSE Arca
- —Top holdings: IREN 15.84%, Hut 8 11.61%, Applied Digital 8.37%, MARA 4.87%
- —Portfolio holds 27 companies, including Nvidia (4.11%) and CleanSpark (4.53%)
- —Historical returns (29.17% since inception) reflect the old mining strategy
Why it matters: A major issuer is pivoting a crypto product toward AI infrastructure, reflecting the re-rating of miners as data-center operators.
Source: The Crypto Times