While Grayscale pointed to a correlation between the performance of Bitcoin and the mining industry, miners’ stocks struggled to capitalize on Bitcoin’s 113% returns in 2024.

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While Grayscale pointed to a correlation between the performance of Bitcoin and the mining industry, miners’ stocks struggled to capitalize on Bitcoin’s 113% returns in 2024.

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Grayscale launches Bitcoin Miners ETF to offer BTC mining exposure

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In 2024, while Bitcoin had a return of 113%, many publicly traded mining companies experienced declines in their stock prices, some as high as 84%

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