Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Stock Price Up 4.7% – What’s Next?

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS)’s share price was up 4.7% on Wednesday . The stock traded as high as $34.95 and last traded at $34.65. Approximately 2,681 shares were traded during mid-day 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 4.7%

The firm has a 50 day moving average price of $39.43 and a 200-day moving average price of $36.17. The firm has a market cap of $12.13 million, a price-to-earnings ratio of 9.91 and a beta of 4.65.

Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNRS. Global Retirement Partners LLC grew 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 valued at $96,000 after purchasing an additional 812 shares during the last quarter. Group One Trading LLC acquired a new position in shares of Grayscale Bitcoin Miners ETF during the 3rd quarter worth approximately $38,000. Finally, Jane Street Group LLC purchased a new stake in Grayscale Bitcoin Miners ETF in the 1st quarter valued at approximately $314,000.

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.