Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading 4.7% Higher – Time to Buy?

Shares of Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) were up 4.7% during trading on Wednesday . The stock traded as high as $34.95 and last traded at $34.65. Approximately 2,681 shares traded hands 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 Stock Performance

The company’s fifty day moving average price is $39.43 and its two-hundred day moving average price is $36.17. The firm has a market capitalization of $12.13 million, a PE ratio of 9.91 and a beta of 4.65.

Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Miners ETF in the 1st quarter valued at $314,000. Group One Trading LLC acquired a new stake in shares of Grayscale Bitcoin Miners ETF during the 3rd quarter worth $38,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Grayscale Bitcoin Miners ETF by 33.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after buying an additional 812 shares during 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.