Grayscale Bitcoin Miners ETF
MNRS
6 hedge funds and large institutions have $2.7M invested in Grayscale Bitcoin Miners ETF in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 1 closing their positions.
2,300% more call options, than puts
Call options by funds: $576K | Put options by funds: $24K
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
100% more funds holding
Funds holding: 3 → 6 (+3)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
21.53% less ownership
Funds ownership: 56.38% → 34.85% (-22%)
27% less capital invested
Capital invested by funds: $3.68M → $2.7M (-$978K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$246K |
| 2 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$242K |
| 3 |
Group One Trading
Chicago,
Illinois
|
+$28.2K |
| 4 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$13.2K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$8.43K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.28M |
| 2 |
Jane Street
New York
|
-$488K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $2.03M | -$2.28M | -75,178 | -60% |
|
|
2
Citadel Advisors
Miami,
Florida
| $329K | +$246K | +8,110 | New |
|
|
FAM
3
Formidable Asset Management
Cincinnati,
Ohio
| $200K | +$242K | +7,976 | New |
|
|
GRP
4
Global Retirement Partners
San Rafael,
California
| $97.1K | +$13.2K | +434 | +22% |
|
|
5
Group One Trading
Chicago,
Illinois
| $37.7K | +$28.2K | +929 | New |
|
|
6
UBS Group
Zurich,
Switzerland
| $11.3K | +$8.43K | +278 | New |
|
|
7
Jane Street
New York
| – | -$488K | -19,429 | Closed |
|
MNRS Hedge Fund Activity: Q3 2025 in Review
6 of the 7,631 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Miners ETF (MNRS) for Q3 2025, worth a combined $2.7M — down 27% from $3.68M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MNRS positions and 1 closed out — a net gain of 3 holders — while 1 added to existing stakes and 1 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $246K. The largest seller was Susquehanna International Group, cutting an estimated $2.28M.
- 6 institutional investors held Grayscale Bitcoin Miners ETF (MNRS) as of Q3 2025, up from 3 in Q2 2025.
- Funds reported $2.7M of Grayscale Bitcoin Miners ETF stock for Q3 2025, down 27% quarter-over-quarter.
- 4 funds opened new Grayscale Bitcoin Miners ETF positions in Q3 2025 and 1 closed out, a net change of +3 holders.
- The largest Grayscale Bitcoin Miners ETF buyer in Q3 2025 was Citadel Advisors, an estimated $246K added.
- The largest Grayscale Bitcoin Miners ETF seller in Q3 2025 was Susquehanna International Group, an estimated $2.28M sold.
Based on aggregated 13F filings for Q3 2025.