Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading Down 6.7% – Here’s What Happened

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was down 6.7% on Friday . The company traded as low as $33.93 and last traded at $34.45. Approximately 4,768 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 9,223 shares. The stock had previously closed at $36.94.

Grayscale Bitcoin Miners ETF Trading Down 6.7%

The company has a 50-day moving average of $34.85 and a 200-day moving average of $35.96. The firm has a market capitalization of $11.37 million, a price-to-earnings ratio of 9.91 and a beta of 6.51.

Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Grayscale Bitcoin Miners ETF in the first quarter worth about $314,000. Global Retirement Partners LLC raised its position in shares of Grayscale Bitcoin Miners ETF by 22.1% during the 3rd quarter. Global Retirement Partners LLC now owns 2,396 shares of the company’s stock worth $97,000 after purchasing an additional 434 shares during the period. Formidable Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF in the 3rd quarter worth approximately $323,000. Finally, Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at approximately $38,000.

Grayscale Bitcoin Miners ETF Company Profile

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.