Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Stock Price Up 0.6% – Should You Buy?

Shares of Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) traded up 0.6% during mid-day trading on Friday . The company traded as high as $30.20 and last traded at $28.67. 10,984 shares changed hands during trading, an increase of 30% from the average session volume of 8,465 shares. The stock had previously closed at $28.50.

Grayscale Bitcoin Miners ETF Trading Up 0.6%

The company’s 50-day moving average is $32.86 and its 200 day moving average is $36.46. The firm has a market cap of $9.46 million, a PE ratio of 9.91 and a beta of 6.51.

Institutional Trading of Grayscale Bitcoin Miners ETF

A number of hedge funds have recently modified their holdings of the business. Group One Trading LLC acquired a new stake in shares of Grayscale Bitcoin Miners ETF in the third quarter worth $38,000. Global Retirement Partners LLC raised its position in Grayscale Bitcoin Miners ETF by 33.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after buying an additional 812 shares during the period. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Miners ETF during the first quarter valued at $314,000. Finally, Formidable Asset Management LLC lifted its stake in Grayscale Bitcoin Miners ETF by 31.3% in the 4th quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after acquiring 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.