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MNRS - AI Analysis
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Grayscale Bitcoin Miners ETF (MNRS)
Rating:53Neutral
Price Target:
$51.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered impressive year-to-date returns, indicating strong momentum in the underlying holdings.
Focused Sector Exposure
The ETF is heavily weighted in financial and technology sectors, which are key drivers of growth in the cryptocurrency mining industry.
Low Expense Ratio
The ETF charges a competitive expense ratio, making it cost-effective compared to other niche funds.
Negative Factors
High Geographic Concentration
The ETF is overwhelmingly focused on U.S. companies, limiting diversification across global markets.
Over-Concentration in Top Holdings
A significant portion of the portfolio is concentrated in a few stocks, increasing vulnerability to individual company performance.
Mixed Performance Among Holdings
While some holdings have performed strongly, others have lagged, potentially dragging down overall returns.
MNRS vs. SPDR S&P 500 ETF (SPY)
AUM16.43M
RegionGlobal
Expense Ratio0.59%
Beta1.86
IssuerGrayscale
Inception DateJan 30, 2025
Dividend YieldN/A
Asset ClassEquity
Index TrackedIndxx Bitcoin Miners Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume20,502
30 Day Avg. Volume12,116
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
65.32Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering27
MNRS Summary
The Grayscale Bitcoin Miners ETF (MNRS) is an investment fund that focuses on companies involved in bitcoin mining and related services, offering exposure to the growing blockchain industry. It tracks the Indxx Bitcoin Miners Index, which includes global firms like MARA Holdings and Bitfarms, both of which are key players in the bitcoin mining space. Investors might consider MNRS for its potential growth opportunities in the rapidly evolving digital currency and blockchain sector. However, it’s important to note that this ETF is heavily tied to the performance of bitcoin and blockchain technology, which can be volatile and subject to market fluctuations.
How much will it cost me?The Grayscale Bitcoin Miners ETF (MNRS) has an expense ratio of 0.59%, which means you’ll pay $5.90 per year for every $1,000 invested. This is higher than average because it is actively managed and focuses on a niche sector like bitcoin mining, which requires specialized expertise. It’s important to consider this cost when evaluating your investment options.
What would affect this ETF?The Grayscale Bitcoin Miners ETF (MNRS) could benefit from increasing global adoption of blockchain technology and rising interest in bitcoin, which may drive demand for mining services. However, it faces risks from regulatory changes targeting cryptocurrency, fluctuating bitcoin prices, and rising energy costs that could negatively impact mining profitability. Its heavy exposure to financial and technology sectors makes it sensitive to broader economic conditions and innovation trends.
MNRS Top 10 Holdings
The Grayscale Bitcoin Miners ETF (MNRS) is heavily concentrated in the bitcoin mining sector, with a clear focus on financial and technology companies driving blockchain innovation globally. Iris Energy and Bitfarms are rising stars, showing strong technical momentum and revenue growth, which are helping to buoy the fund’s performance. However, names like BitMine Immersion Technologies and Marathon Digital Holdings are lagging due to financial challenges and valuation concerns, creating some drag. With its niche focus on bitcoin mining, MNRS offers a high-risk, high-reward play for those betting on the future of blockchain.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| IREN | 18.37% | $3.02M | $17.05B | 496.24% | 67 Neutral | |
| BitMine Immersion Technologies | 10.28% | $1.69M | $14.35B | 1434.57% | ― | |
| MARA Holdings | 8.82% | $1.45M | $7.24B | 3.27% | 61 Neutral | |
| Bitfarms | 5.21% | $855.25K | $2.55B | 112.15% | 60 Neutral | |
| Cipher Mining | 5.13% | $842.80K | $8.13B | 262.90% | 58 Neutral | |
| Cleanspark | 4.89% | $802.68K | $5.44B | 60.96% | 77 Outperform | |
| Applied Digital Corporation | 4.74% | $778.79K | $9.35B | 315.36% | 53 Neutral | |
| HIVE Digital Technologies | 4.58% | $751.98K | $1.40B | 43.55% | 54 Neutral | |
| Bitdeer Technologies | 4.49% | $737.01K | $4.97B | 157.84% | 53 Neutral | |
| Hut 8 | 4.36% | $716.95K | C$7.04B | 191.14% | 63 Neutral |
MNRS Technical Analysis
Positive
―
Price Trends
39.14
Positive
32.52
Positive
Market Momentum
2.81
Positive
60.74
Neutral
47.01
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MNRS, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 48.01, equal to the 50-day MA of 39.14, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 2.81 indicates Positive momentum. The RSI at 60.74 is Neutral, neither overbought nor oversold. The STOCH value of 47.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MNRS.
MNRS Peer Comparison
Comparison Results
Performance Comparison
MNRS
Grayscale Bitcoin Miners ETF
51.09
24.67
93.38%
AGIX
KraneShares Artificial Intelligence & Technology ETF
―
―
―
EVX
VanEck Environmental Services ETF
―
―
―
BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
―
―
―
BCDF
Horizon Kinetics Blockchain Development ETF
―
―
―
BLKC
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
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―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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