Grayscale unveils ETF tracking firms embracing Bitcoin treasuries

Grayscale has rolled retired a caller exchange-traded money that gives investors entree to companies adopting Bitcoin arsenic portion of their treasury strategy.

The fund, named the Grayscale Bitcoin Adopters ETF (BCOR), was announced connected April 30 and reflects the plus manager’s continued propulsion into Bitcoin-themed concern products.

According to Grayscale, BCOR tracks the Indxx Bitcoin Adopters Index, which comprises companies that person allocated portion of their treasury to Bitcoin. The steadfast emphasized that the ETF targets businesses that presumption Bitcoin arsenic some a hedge against ostentation and a instrumentality for treasury diversification.

BCOR provides investors entree to a diversified portfolio of planetary equities crossed 7 sectors and 15 industries. These firms are considered leaders successful Bitcoin adoption and service arsenic indicators of broader organization sentiment toward the flagship integer asset.

Grayscale’s latest determination mirrors a akin merchandise by Bitwise, the Bitcoin Standard ETF, which tracks companies holding implicit 1,000 BTC. While Bitwise focuses connected large holders, Grayscale’s BCOR provides a much diversified attack to the product.

David LaValle, Grayscale’s Global Head of ETFs, explained that the firm’s caller money is simply a strategical effect to the rising question of firm Bitcoin investments.

He added:

“As much companies integrate Bitcoin into their equilibrium sheets, BCOR provides a forward-looking strategy to seizure this momentum done accepted equity markets.”

Corporate Bitcoin holdings rise

Grayscale’s caller merchandise rollout coincides with a notable summation successful firm Bitcoin holdings this year.

Data from Bitwise shows that firm firms added nearly 100,000 BTC successful April 2025, bringing their full holdings to astir 750,000 BTC. This means these companies collectively clasp 3.57% of BTC’s full proviso of 21 million.

Market observers judge that this inclination volition proceed and further lend to the wide maturation of the Bitcoin market.

Blockstream CEO Adam Back suggested that companies expanding their Bitcoin reserves are positioning themselves aboriginal for what helium described arsenic “hyperbitcoinization”—a aboriginal wherever the apical crypto becomes the ascendant store of value.

He stated:

“[BTC] treasury companies are an arbitrage of the dislocation betwixt the bitcoin aboriginal and today’s fiat world. A sustainable and scalable $100-$200 trillion commercialized front-running hyperbitcoinization. Scalable capable for astir large listed companies to determination to btc treasury.”

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