Grayscale, the global leader in crypto-native asset management, has rolled out the Grayscale Bitcoin Adopters ETF with ticker BCOR.
The firm launched it from Stamford, Connecticut, on April 30, 2025, as its newest move to enter the expanding market of digital asset investment. The Grayscale Bitcoin Adopters ETF invests in publicly traded firms that have adopted BTC as an official reserve asset.
The exchange-traded fund specifically tracks the Indxx Bitcoin Adopters Index, an index created to measure the performance of these niche firms.
By tracking firms that adopt Bitcoin in corporate treasuries, Grayscale’s ETF mirrors a growing phenomenon among international businesses.
More and more firms are looking to BTC as a substitute for conventional reserves, and this product enables participants to tap into this movement directly.
Numerous corporations have adopted Bitcoin despite its volatility because they see it as an inflation hedge and an economic insurance strategy. Grayscale wants to tap into this rising tide of corporate acceptance by investing in varied, actively adopting businesses.
BCOR provides exposure to seven sectors and fifteen industries globally, with a focus on businesses with commonalities of Bitcoin adoption.
This strategy gives investors a chance to share in the growth of Bitcoin-related corporate initiatives without holding BTC itself.
Diverse investment Strategy capturing global Bitcoin adoption
David LaValle, Grayscale’s global head of ETFs, was excited to offer investors a new way to access corporate Bitcoin adoption. BCOR, according to LaValle, allows investors to tap into Bitcoin’s increasing presence in corporate finance via well-established equity markets.
The ETF will not invest in BTC or derivatives directly and will derive exposure to it indirectly by investing in firms holding digital assets.
Investors who wish to leverage BCOR need to analyze the objectives, associated risks, charges, and expenses of the fund carefully before making any investment.
Grayscale stresses that BCOR does not mirror Bitcoin’s price action, as BCOR does not directly invest in Bitcoin. Rather, BCOR tracks the economic performance of businesses making use of Bitcoin as part of their treasury operations.
Established in 2013, Grayscale has established itself as a crypto investment product leader over ten years, catering to institutional and individual investors globally.
Nonetheless, Grayscale Advisors, LLC, an investment adviser and SEC-registered firm since 2022, advises and manages the fund in conjunction with distributor Foreside Fund Services, LLC.
