Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading Up 4.7% – Here’s Why

Shares of Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) traded up 4.7% during mid-day trading on Wednesday . The company traded as high as $34.95 and last traded at $34.65. 2,681 shares changed hands during trading, a decline of 70% from the average daily volume of 9,085 shares. The stock had previously closed at $33.11.

Grayscale Bitcoin Miners ETF Trading Up 1.4%

The company has a 50 day simple moving average of $39.14 and a 200-day simple moving average of $36.15. The stock has a market cap of $12.05 million, a price-to-earnings ratio of 9.91 and a beta of 4.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Miners ETF in the 1st quarter valued at approximately $314,000. Global Retirement Partners LLC boosted its position in Grayscale Bitcoin Miners ETF by 33.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after acquiring an additional 812 shares during the last quarter. Finally, Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter worth approximately $38,000.

About Grayscale Bitcoin Miners ETF

The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.