Grayscale Bitcoin Miners ETF
MNRS
8 hedge funds and large institutions have $2.89M invested in Grayscale Bitcoin Miners ETF in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 1 closing their positions.
568% more call options, than puts
Call options by funds: $781K | Put options by funds: $117K
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
33% more funds holding
Funds holding: 6 → 8 (+2)
7% more capital invested
Capital invested by funds: $2.7M → $2.89M (+$190K)
6.77% less ownership
Funds ownership: 34.85% → 28.08% (-6.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$410K |
| 2 |
Jane Street
New York
|
+$382K |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$219K |
| 4 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$101K |
| 5 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$32.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$212K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$11.3K |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$1.45K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.34M | -$212K | -5,255 | -11% |
|
|
2
Citadel Advisors
Miami,
Florida
| $549K | +$410K | +10,166 | +125% |
|
|
FAM
3
Formidable Asset Management
Cincinnati,
Ohio
| $425K | +$101K | +2,500 | +31% |
|
|
4
Jane Street
New York
| $285K | +$382K | +9,476 | New |
|
|
5
Simplex Trading
Chicago,
Illinois
| $163K | +$219K | +5,437 | New |
|
|
GRP
6
Global Retirement Partners
San Rafael,
California
| $96.3K | +$32.7K | +812 | +34% |
|
|
7
Group One Trading
Chicago,
Illinois
| $26.8K | -$1.45K | -36 | -4% |
|
|
IAIM
8
International Assets Investment Management
Orlando,
Florida
| $4.08K | +$5.48K | +136 | New |
|
|
9
UBS Group
Zurich,
Switzerland
| – | -$11.3K | -278 | Closed |
|
MNRS Hedge Fund Activity: Q4 2025 in Review
8 of the 8,252 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Miners ETF (MNRS) for Q4 2025, worth a combined $2.89M — up 7% from $2.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new MNRS positions and 1 closed out — a net gain of 2 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $410K. The largest seller was Susquehanna International Group, cutting an estimated $212K.
- 8 institutional investors held Grayscale Bitcoin Miners ETF (MNRS) as of Q4 2025, up from 6 in Q3 2025.
- Funds reported $2.89M of Grayscale Bitcoin Miners ETF stock for Q4 2025, up 7% quarter-over-quarter.
- 3 funds opened new Grayscale Bitcoin Miners ETF positions in Q4 2025 and 1 closed out, a net change of +2 holders.
- The largest Grayscale Bitcoin Miners ETF buyer in Q4 2025 was Citadel Advisors, an estimated $410K added.
- The largest Grayscale Bitcoin Miners ETF seller in Q4 2025 was Susquehanna International Group, an estimated $212K sold.
Based on aggregated 13F filings for Q4 2025.