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MNRS · Grayscale Bitcoin Miners ETF

MNRS holds 24 stocks. 98% of it is not in the S&P 500, and its top ten are 76% of the fund.

Grayscale · Themes desk · data as of

5.0%Already in the S&P 500
97.6%Active share vs the S&P 500
76.3%Top ten holdings
+25.6%Total return, 1 year

Its ten largest positions

MNRS top ten, 76.3% of the fund, from the holdings filed for Jun 30, 2026. Source: the fund’s SEC filing.
HoldingTickerWeight
Hut 8 CorpHUT15.14%
Applied Digital CorpAPLD12.39%
IREN LtdIREN11.29%
Keel Infrastructure CorpKEEL7.33%
Riot Platforms IncRIOT5.62%
Bitdeer Technologies GroupBTDR5.42%
Hive Digital Technologies LtdHIVE5.11%
Cipher Digital IncCIFR4.85%
MARA Holdings IncMARA4.60%
Core Scientific IncCORZ4.55%

Period by period

MNRS over each window to Sep 4, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3 months−17.1%+4.7%−21.8 pts−19.2 pts
6 months+31.7%+15.2%+16.6 pts+11.6 pts
1 year+25.6%+20.0%+5.7 pts+0.0 pts
Since launch+34.5%+29.5%+5.1 pts−3.9 pts

In plain words

The top ten holdings are 76% of the fund across 24 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +25.6% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 5.7 pts. It sits 34.2% below its all-time high of Oct 15, 2025.

MNRS (Grayscale Bitcoin Miners ETF), themes desk fields as of Sep 4, 2026. Source: ETFIQ.
Theme (ETFIQ, editorial)Blockchain and crypto equities
LaunchedJan 30, 2025
Already in the S&P 500, by weight (ETFIQ)5.0%
Active share vs the S&P 500 (ETFIQ)97.6%
Already in the Nasdaq-100, by weight (ETFIQ)2.4%
Active share vs the Nasdaq-100 (ETFIQ)97.6%
Top ten holdings weight76.3%
Holdings24
Holdings as of (SEC N-PORT)Jun 30, 2026
Top holdingsHut 8 Corp 15.1%, Applied Digital Corp 12.4%, IREN Ltd 11.3%, Keel Infrastructure Corp 7.3%, Riot Platforms Inc 5.6%, Bitdeer Technologies Group 5.4%, Hive Digital Technologies Ltd 5.1%, Cipher Digital Inc 4.8%, MARA Holdings Inc 4.6%, Core Scientific Inc 4.5%
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$16m
Below its all-time high (ETFIQ)−34.2%
Expense ratio (prospectus XBRL)0.59%
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.60%
Closest funds by holdings overlapWGMI 71%, BKCH 59%, STCE 52%, DAPP 52%, IBLC 49%

Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. How this desk computes every figure

Questions people ask

How much of MNRS is already in the S&P 500?
By its holdings filed for Jun 30, 2026, 5% of MNRS by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.
What does MNRS hold?
24 positions as filed for Jun 30, 2026, with the top ten at 76% of the fund. The largest are Hut 8 Corp at 15.1%, Applied Digital Corp at 12.4%, IREN Ltd at 11.3%.
Has MNRS beaten the S&P 500?
Over the year to Sep 4, 2026 MNRS returned +25.6% with distributions reinvested, against +20.0% for the S&P 500, so it finished ahead of the index by 5.7 points.
What does MNRS cost?
The prospectus expense ratio is 0.59% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.60%.

The words on this page

Active share
The part of the fund doing something the index is not, as a percentage. It is the part a fee is actually buying.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at very different weights.
Top ten
What the ten largest positions add up to. The higher it is, the more the fund is a bet on a few companies rather than a theme.

Every term this desk uses, defined in full on the themes desk vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

Put this on your own page

The difference bar for MNRS, redrawn every trading night. Free to use with the credit link; paste these two lines into any page or newsletter.

MNRS difference bar, ETFIQ

<a href="https://etfiq.com/funds/MNRS.html"><img src="https://etfiq.com/embed/themes/MNRS.svg" alt="MNRS difference bar, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/MNRS.html">MNRS difference bar, updated daily by ETFIQ</a></p>
MNRS on the themes desk, ETFIQ, data as of Sep 4, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Cite this page. ETFIQ, MNRS on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/MNRS.html Free to use with attribution; the underlying files are at Open data.

How this desk computes every figure · Standards and sources