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Launched · SEC filings

Grayscale AI Compute ETF

GCPUNYSE ArcaGrayscaleWe have not yet analyzed this fund's documents to determine what it sets out to do. This is typical for new listings awaiting their first analysis pass.

$25.51+0.07 (+0.29%)

As of Oct 21, 2026, 10:30 AM ET

Intraday session: up, 13 prints from 25.44 to 25.51. Range 25.51 to 26.42. Use the arrow keys to read each point.25.8026.0026.2026.4010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$8M
1Y total return
−49.5%
Yield · Last 12 months
Data unavailable
Holdings
10
Avg volume · 30D
6.65K sh
NAV per share
$25.41
52W range
low $23.24high $52.75
Launched
Filings
SEC EDGAR

The ETF.net GCPU Grade

—

Mandate not yet analyzed

We have not yet analyzed this fund's documents to determine what it sets out to do. This is typical for new listings awaiting their first analysis pass.

Our read on GCPU

ETF.net Research

In short

MNRS skips the broad blockchain grab bag and tracks the Indxx Bitcoin Miners Index: the picks-and-shovels crowd running the machines, from a crypto-native issuer that has been in this world since before ETFs were.

Stated mandate

The fund seeks to track, before fees and expenses, the performance of the Indxx Bitcoin Miners Index.

Why people hold it

  • Charges 0.59% a year, under the 0.69% median for crypto-equity basket funds. Cheap for a niche corner where narrow usually means pricey.
  • Pure miner exposure. Rivals like BKCH and BLOK blend exchanges, chipmakers and balance-sheet holders; MNRS follows one index built around the mining business itself.
  • Rules-based and index-tracked inside a standard 1940 Act ETF wrapper, not a trust or a swap sleeve. What you see in the index is what the fund aims to hold.
  • Sits in the top quartile of its crypto-equity peer group on our review, with cost doing much of the heavy lifting.

Worth knowing

  • Miners are the high-octane end of crypto equity: leveraged to bitcoin's price, energy costs and halving math. Expect swings bigger than the coin's.
  • A small fund that trades lightly. Spreads can run wider than in the category's giants, which matters most on large or hurried orders.
  • Launched in 2025, so the track record is short and our read on it carries only medium confidence.

GCPU Holdings

As of Oct 21, 2026
Asset class
Stocks
Holdings
10
Top-10 weight
100%
Largest holding
NBIS13.1%

Geography

  • United States73.46%
  • Netherlands8.95%
  • Australia7.02%
  • Japan5.74%
  • Singapore2.86%
  • India1.12%
  • China0.84%

Developed 93% · Emerging 7% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NBISNebius Group NV13.13%4,364$748K188
2CRWVCoreWeave Inc12.95%11,876$738K240
3DOCNDigitalOcean Holdings Inc12.32%7,057$702K167
4HUTHut 8 Corp11.71%9,665$667K106
5IRENIREN Ltd9.92%21,222$565K98
6HPEHewlett Packard Enterprise Co9.35%9,497$533K390
78473.TSBI Holdings Inc9.21%27,900$525K113
8CORZCore Scientific Inc7.47%30,844$425K95
9WULFTerawulf Inc7.05%33,443$402K98
10APLDApplied Digital Corp6.89%20,307$393K106

Showing 1–10 of 10 holdings

GCPU Performance

Launched Jan 30, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GCPU$5,052
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,580
Oct 20, 2025 to Oct 20, 2026. GCPU $5,052. SPY $11,580. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 20, 2025 – Oct 20, 2026

Returns run to the Oct 20, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GCPU. Periods over one year show the average yearly return.
PeriodGCPU
Year to date−15.3%
1 month−32.4%
3 months−28.9%
1 year−49.5%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GCPU
YearReturn barGCPU
2026 YTD−15.3%
2025+12.7%

Since listing, Jan 30, 2025

GCPU in the news

Filtered to GCPU · Grayscale

GCPU Dividends

Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 31, 2025 $0.16. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 7, 2026$0.16

GCPU Risk

How much the fund’s monthly returns vary, scaled to a year.
72.9%
Annualised · 20 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.51
vs 3-month T-bills · 20 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−56.7%
20 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GCPU Cost

Expense ratio0.59%

GCPU costs $59.00 a year on $10,000.