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MNRSGrayscale Bitcoin Miners ETF

Grow my money1y track recordRanked #2,204 of 2,960 in this goal

Seeks investment results that track the performance of the Indxx Bitcoin Miners Index.

By Grayscale · Launched 2025

Annual Cost

0.59%

#3,001 of 5,562 · average

Fund Size

$20M

#4,361 of 5,562 · small

Return (1Y)Goal

+121.3%

Track Record

1 year

#4,125 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$22,037+120.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Global

Strategy

Index tracking

Index tracked

Indxx Bitcoin Miners Index

What it actually holds

By weight

Concentration

Top 10 holdings = 72.2% of fundconcentrated

IREN Ltd
18.3%
BitMine Immersion Technologies
9.1%
Hut 8 Corp
7.0%
MARA Holdings Inc
6.7%
Cipher Mining Inc
6.1%
Applied Digital Corp
5.8%
Terawulf Inc
5.8%
Core Scientific Inc
4.9%
Bitfarms Ltd/Canada
4.4%
Cleanspark Inc
4.2%

Asset allocation

Stocks
99.9%
Cash
0.1%

By sector

Financial Services
55.4%
Technology
41.8%
Utilities
2.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
71.3%High

Year-on-year price swings

Max drawdown
-56.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks investment results that track the performance of the Indxx Bitcoin Miners Index.
Strategy
Invests primarily in companies classified as Bitcoin Mining Companies, holding at least 80% of net assets in constituents of the Indxx Bitcoin Miners Index. Uses passive management to track the Index's performance.
Inception date
January 29, 2025
Fund family
Grayscale

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Thematic
Warning

Thematic ETF — launched after the rally

Thematic funds are typically launched after a theme has delivered its strong returns. Morningstar's 2024 Global Thematic Funds Landscape finds that only about 1 in 10 thematic funds have survived and beaten a broad global equity benchmark over the past 15 years — roughly 60% have been closed outright. The narrative is always compelling; the track record rarely is.

Source: Morningstar, 'Global Thematic Funds Landscape' (2024)

Why we flagged this: Narrow thematic name, launched in the last 3 years, $20M in assets (under our $500M threshold).

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19