# MNRS (Grayscale Bitcoin Miners ETF)

Grayscale · Thematic ETFs · data as of Sep 11, 2026

MNRS holds 24 stocks, and 95% of its weight is outside the S&P 500.

## Key facts

- MNRS, already in the S&P 500: 5.0%, as of Sep 11, 2026.
- MNRS, active share vs the S&P 500: 97.6%, as of Sep 11, 2026.
- MNRS, top ten holdings: 76.3%, as of Sep 11, 2026.
- MNRS, total return, 1 year: +6.0%, as of Sep 11, 2026.
- MNRS, net assets: $12m (the issuer own daily fund list, as of Sep 11, 2026).
- MNRS, expense ratio: 0.59% (485BPOS XBRL, Apr 30, 2026).

## MNRS over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −21.2% | +3.3% | −24.5 pts | −20.4 pts |
| 6 months | +24.6% | +16.0% | +8.6 pts | +3.9 pts |
| 1 year | +6.0% | +17.5% | −11.5 pts | −17.0 pts |
| Since launch | +34.0% | +28.5% | +5.5 pts | −3.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Blockchain and crypto equities | ETFIQ, editorial |
| Launched | Jan 30, 2025 | ETFIQ |
| Already in the S&P 500, by weight | 5.0% | ETFIQ |
| Active share vs the S&P 500 | 97.6% | ETFIQ |
| Already in the Nasdaq-100, by weight | 2.4% | ETFIQ |
| Active share vs the Nasdaq-100 | 97.6% | ETFIQ |
| Top ten holdings weight | 76.3% | ETFIQ |
| Holdings | 24 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | Hut 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% | ETFIQ |
| Net assets | $12m | the issuer own daily fund list, as of Sep 11, 2026 |
| Below its all-time high | −34.4% | ETFIQ |
| Expense ratio | 0.59% | 485BPOS XBRL, Apr 30, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.60% | ETFIQ |
| Closest funds by holdings overlap | WGMI 71%, STCE 52%, BKCH 51%, BITQ 49%, NODE 43% | ETFIQ |

## Questions

### How much of MNRS is in S&P 500 companies?

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 11, 2026 MNRS returned +6.0% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 11.5 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%.


## Cite this page

ETFIQ, MNRS, data as of Sep 11, 2026. https://etfiq.com/funds/mnrs
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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