Grayscale, a leading crypto asset manager, has introduced the Bitcoin Adopters ETF (BCOR)—an exchange-traded fund designed to provide investors with indirect exposure to Bitcoin by tracking publicly traded companies that hold at least 100 BTC in their corporate treasuries.
The ETF includes a broad range of companies from both developed and emerging markets, without focusing on any specific industry sector. Companies are classified as primary (earning less than 50% of revenue from Bitcoin mining) or secondary (heavily involved in Bitcoin mining or mining infrastructure, such as ASIC hardware providers).
Holdings in the fund are weighted by each company’s Bitcoin holdings and market capitalization, with a single company’s weight capped at 20% to maintain balance and ensure smaller firms remain represented.
BCOR may be influenced by market volatility, regulatory developments, or changes in the Bitcoin strategies of the included companies. It competes with similar ETFs from Bitwise and REX Shares. Grayscale’s broader ETF lineup also includes GBTC, ETHE, MNRS, and BTCC.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
