Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading Down 2.7% – Here’s Why

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) shares fell 2.7% on Thursday . The stock traded as low as $42.25 and last traded at $43.76. 9,057 shares were traded during trading, a decline of 5% from the average session volume of 9,558 shares. The stock had previously closed at $44.97.

Grayscale Bitcoin Miners ETF Price Performance

The business’s fifty day moving average is $43.02 and its 200-day moving average is $35.66. The firm has a market cap of $14.44 million, a PE ratio of 9.91 and a beta of 4.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC raised its holdings in shares of 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 worth $96,000 after purchasing an additional 812 shares during the period. Group One Trading LLC bought a new position in Grayscale Bitcoin Miners ETF during the third quarter valued at $38,000. Formidable Asset Management LLC grew 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 valued at $315,000 after purchasing an additional 2,500 shares during the period. Finally, Jane Street Group LLC bought a new position in Grayscale Bitcoin Miners ETF during the first quarter valued at $314,000.

Grayscale Bitcoin Miners ETF Company Profile

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.