Grayscale Bitcoin Miners ETF

MNRS

Invest in the global

Bitcoin Mining industry

Product

$16.22

Market Price as of 04/11/2025

Why MNRS?

MNRS offers targeted exposure to a global basket of publicly traded Bitcoin Mining companies. The Bitcoin Mining industry is critical to the Bitcoin network as they perform essential functions that maintain its security, integrity, and functionality. The work of Bitcoin Miners is integral to the existence and continuation of the Bitcoin network.

Focused Exposure

Grayscale Bitcoin Miners ETF offers investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry. MNRS delivers this in the form of an exchange-traded fund that is passively managed, rules-based, and tracking an index designed to adapt as the Bitcoin Mining industry evolves.

Bitcoin-adjacent
Opportunity

Bitcoin Miners carry a high, positive longer-term correlation to the price of Bitcoin. Rising prices in Bitcoin may lead to higher revenue and increased gross margins for the Bitcoin Mining industry. This may offer investors both short and long-term opportunities.

Long Term Growth Potential

Bitcoin Miners serve as the backbone for the longevity and security of the Bitcoin network. As a result, the Bitcoin Mining industry is well-positioned to grow as its underlying commodity, Bitcoin, continues to expand its adoption and usage.

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Investment Strategy

The Grayscale Bitcoin Miners ETF (Ticker: MNRS) seeks to invest in and provide exposure to Bitcoin Miners and the Bitcoin Mining ecosystem. MNRS offers investors access to the bitcoin mining industry, a key component of the greater Bitcoin ecosystem. MNRS provides focused exposure to globally listed Bitcoin Mining companies that serve as the backbone of the Bitcoin network.

MNRS seeks to track the performance, before fees and expenses, of the Indxx Bitcoin Miners Index.

$16.22

Market Price

As of 04/11/2025

4.43%

1 Day Market Price Change

As of 04/11/2025

Fund Details

NAME

Grayscale Bitcoin Miners ETF

INCEPTION DATE

01/30/2025

TICKER

MNRS

DISTRIBUTION FREQUENCY

Semi-Annual

INDEX NAME

Indxx Bitcoin Miners Index

PRIMARY EXCHANGE

NYSE ARCA

INDEX TICKER

IBMIIN

BLOOMBERG IOPV TICKER

MNRS.IV

CUSIP

38963H206

TOTAL EXPENSE RATIO

0.59%

ISIN

US38963H2067

Daily Performance

ASSETS UNDER MANAGEMENT

$4,541,327.11

NET ASSET VALUE (NAV) PER SHARE

$16.22

SHARES OUTSTANDING

280,000

NAV PER SHARE 1D CHANGE ($)

$0.60

MARKET PRICE

$16.22

NAV PER SHARE 1D CHANGE (%)

3.85%

MARKET PRICE 1D CHANGE ($)

$0.69

PREMIUM DISCOUNT (%)

0.01%

MARKET PRICE 1D CHANGE (%)

4.43%

30D MEDIAN BID/ASK SPREAD (%)

0.27%

Median 30 Day Spread is a calculation of MNRS median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

As of 04/11/2025

1 month

3 months

6 months

YTD

1 year

3 years

5 years

10 years

Annualized Since Inception

Cumulative Since Inception

Market Price, %

-23.54

--

--

--

--

--

--

--

--

-34.85

NAV Per Share, %

-23.47

--

--

--

--

--

--

--

--

-34.87

Benchmark Index, %

-23.42

--

--

--

--

--

--

--

--

-34.78

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.

Benchmark Index refers to the Indxx Bitcoin Miners Index.

Holdings

Number of holdings: 29

As of 04/14/2025

17.33%11.66%9.24%4.90%4.58%4.56%4.03%3.86%3.83%3.63%3.62%3.23%3.03%3.02%2.92%2.85%2.79%2.44%2.40%

TICKER AND NAME

market value

weight

MARA

MARA Holdings Inc

$786,904.02

17.33%

RIOT

Riot Platforms Inc

$529,669.44

11.66%

CORZ

Core Scientific Inc

$419,837.81

9.24%

CLSK

Cleanspark Inc

$222,502.50

4.90%

HUT

HUT 8 CORP

$208,057.60

4.58%

NB2 GR

Northern Data AG

$207,034.73

4.56%

CIFR

Cipher Mining Inc

$182,922.96

4.03%

BTDR

Bitdeer Technologies Group

$175,297.50

3.86%

IREN

IREN Ltd

$173,798.10

3.83%

APLD

Applied Digital Corp

$164,905.17

3.63%

Holdings are subject to change without notice. The Fund will not invest in digital assets directly or through the use of derivatives.

Distributions

Ex-Dividend Date

Record Date

Payable Date

Income

Short Term
Capital Gain

Long Term
Capital Gain

Return of Capital

Total

-

-

-

-

-

-

-

-

The Story of MNRS

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How to Invest in MNRS

Grayscale Bitcoin Miners ETF (Ticker: MNRS) trades on NYSE Arca and is available through your brokerage account. To invest, click below to be redirected to brokerage platforms or search for MNRS on your platform of choice.

MNRS Resources

MNRS Fact Sheet

03/31/2025

Download
MNRS Index Overview

01/30/2025

Download
MNRS Prospectus

01/30/2025

Download
MNRS Summary Prospectus

01/30/2025

Download
MNRS SAI

01/30/2025

Download

FAQs

Have more questions? Please reach out to a portfolio consultant at info@grayscale.com or call us at 866-775-0313.

MNRS is the Grayscale Bitcoin Miners ETF - offering targeted access to Bitcoin Miners and the global Bitcoin Mining industry in the form of an exchange-traded fund.


MNRS seeks investment results that track the performance, before fees and expenses, of the Indxx Bitcoin Miners Index.


MNRS carries an annual total expense ratio of 0.59%.


Grayscale enables investors to access the digital economy through a family of registered and future-forward investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as a leading crypto asset manager. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure.

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