Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Stock Price Up 5.6% – Time to Buy?

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) shares rose 5.6% on Tuesday . The stock traded as high as $38.32 and last traded at $37.76. 3,806 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 9,294 shares. The stock had previously closed at $35.77.

Grayscale Bitcoin Miners ETF Stock Performance

The firm has a market cap of $13.22 million, a P/E ratio of 9.91 and a beta of 4.57. The stock’s 50-day moving average is $43.10 and its 200 day moving average is $36.30.

Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of MNRS. Group One Trading LLC acquired a new stake in Grayscale Bitcoin Miners ETF during the 3rd quarter worth approximately $38,000. Global Retirement Partners LLC lifted its position in Grayscale Bitcoin Miners ETF by 33.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after acquiring an additional 812 shares in the last quarter. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Miners ETF in the 1st quarter worth $314,000. Finally, Formidable Asset Management LLC increased its holdings in Grayscale Bitcoin Miners ETF by 31.3% during the 4th 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 in 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.