Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Shares Up 0.3% – Still a Buy?
by Michael Walen · The Markets DailyGrayscale Bitcoin Miners ETF (NYSEARCA:MNRS – Get Free Report) shot up 0.3% on Thursday . The company traded as high as $29.74 and last traded at $29.17. 7,519 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 7,711 shares. The stock had previously closed at $29.08.
Grayscale Bitcoin Miners ETF Trading Up 2.1%
The stock has a market cap of $9.83 million, a price-to-earnings ratio of 9.91 and a beta of 4.44. The company has a 50 day simple moving average of $29.26 and a 200-day simple moving average of $35.71.
Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF
Several institutional investors have recently bought and sold shares of the company. Group One Trading LLC bought a new position in shares of Grayscale Bitcoin Miners ETF during the 3rd quarter worth approximately $38,000. Global Retirement Partners LLC lifted its position in shares of Grayscale Bitcoin Miners ETF by 33.9% in the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after purchasing an additional 812 shares in the last quarter. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Miners ETF during the first quarter worth $314,000. Finally, Formidable Asset Management LLC boosted its holdings in Grayscale Bitcoin Miners ETF by 31.3% during the fourth quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after purchasing an additional 2,500 shares during the last quarter.
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.