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

Shares of Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) shot up 0.6% on Friday . The stock traded as high as $30.20 and last traded at $28.67. 10,984 shares were traded 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 has a 50-day moving average of $32.86 and a 200-day moving average of $36.51. The company has a market capitalization of $9.46 million, a price-to-earnings ratio of 9.91 and a beta of 6.51.

Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Miners ETF in the 1st quarter worth approximately $314,000. Formidable Asset Management LLC acquired a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at approximately $323,000. Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at approximately $38,000. Finally, Global Retirement Partners LLC raised its holdings 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 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.