Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading 3.5% Higher – Still a Buy?

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) shares shot up 3.5% during trading on Wednesday . The stock traded as high as $32.47 and last traded at $32.47. Approximately 19,859 shares traded hands during trading, an increase of 127% from the average daily volume of 8,750 shares. The stock had previously closed at $31.38.

Grayscale Bitcoin Miners ETF Stock Performance

The firm’s 50 day moving average is $35.50 and its two-hundred day moving average is $36.17. The stock has a market capitalization of $12.43 million, a PE ratio of 9.91 and a beta of 4.58.

Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF

Several large investors have recently modified their holdings of MNRS. Global Retirement Partners LLC grew its stake 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 valued at $96,000 after purchasing an additional 812 shares during the last quarter. Group One Trading LLC purchased a new position in shares of Grayscale Bitcoin Miners ETF during the 3rd quarter worth approximately $38,000. Finally, Jane Street Group LLC acquired a new stake in shares of 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.