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MNRS - ETF AI Analysis
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Grayscale Bitcoin Miners ETF (MNRS)
Rating:50Neutral
Price Target:―
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)
AUM11.89M
RegionGlobal
Expense Ratio0.59%
Beta2.16
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. Volume18,824
30 Day Avg. Volume15,346
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
67.43Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering26
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 financial sector, with a strong focus on global bitcoin mining companies. Leading the pack is IREN, which has shown mixed performance, benefiting from strategic partnerships but struggling with cash flow issues. Cipher Mining is rising steadily thanks to strategic advancements, while BitMine Immersion Technologies and MARA Holdings are lagging, weighed down by bearish momentum and financial challenges. The fund’s thematic focus on blockchain mining offers a niche opportunity, but the overall performance is hindered by the sector’s volatility and profitability concerns.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| IREN | 18.44% | $2.29M | $13.70B | 284.23% | 62 Neutral | |
| BitMine Immersion Technologies | 8.85% | $1.10M | $11.11B | 296.44% | ― | |
| MARA Holdings | 7.04% | $874.85K | $4.36B | -55.05% | 64 Neutral | |
| Cipher Mining | 6.67% | $829.00K | $7.78B | 212.54% | 55 Neutral | |
| TeraWulf Inc | 6.18% | $767.76K | $6.41B | 111.88% | 54 Neutral | |
| Hut 8 | 5.44% | $676.39K | C$6.59B | 59.36% | 55 Neutral | |
| Bitfarms | 5.18% | $643.62K | $1.97B | 60.78% | 46 Neutral | |
| Applied Digital Corporation | 5.07% | $630.16K | $7.86B | 193.24% | 45 Neutral | |
| Cleanspark | 5.03% | $625.44K | $3.60B | -3.03% | 74 Outperform | |
| Core Scientific Inc | 4.50% | $559.31K | $5.14B | 3.30% | 41 Neutral |
MNRS Technical Analysis
Neutral
―
Price Trends
43.14
Negative
36.31
Positive
28.48
Positive
Market Momentum
-2.58
Negative
44.56
Neutral
89.53
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MNRS, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 38.35, equal to the 50-day MA of 43.14, and equal to the 200-day MA of 28.48, indicating a neutral trend. The MACD of -2.58 indicates Negative momentum. The RSI at 44.56 is Neutral, neither overbought nor oversold. The STOCH value of 89.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MNRS.
MNRS Peer Comparison
Comparison Results
Performance Comparison
MNRS
Grayscale Bitcoin Miners ETF
36.47
10.05
38.04%
IBLC
iShares Blockchain and Tech ETF
―
―
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HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
―
―
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BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
―
―
―
BCDF
Horizon Kinetics Blockchain Development ETF
―
―
―
DECO
SPDR Galaxy Digital Asset Ecosystem 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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