Grayscale has launched the Grayscale® Bitcoin Adopters ETF (Ticker: BCOR), allowing investors to gain exposure to companies using Bitcoin as a treasury reserve. The ETF invests in firms that qualify under the Indxx Bitcoin Adopters Index. With its focus on corporate adoption of Bitcoin, the Fund provides a diversified approach to investing in this space without holding Bitcoin directly.
Grayscale, a leading player in crypto asset management, has unveiled its latest offering—the Grayscale® Bitcoin Adopters ETF (Ticker: BCOR). This new exchange-traded fund aims to provide investors with unique exposure to companies embracing Bitcoin as a treasury reserve asset. The Fund particularly targets firms included in the Indxx Bitcoin Adopters Index, which measures the performance of businesses that utilise Bitcoin for managing their corporate treasury.
As firms worldwide consider Bitcoin a viable option for treasury management, BCOR seeks to capture the evolving marketplace. While Bitcoin’s notorious volatility poses challenges, many companies are starting to see it as a hedge against inflation and a tool for diversification. This ETF aims to give investors a basket of companies across 7 sectors and 15 industries, all linked by their adoption of Bitcoin, making it an attractive alternative for those looking to dip into Bitcoin indirectly.
David LaValle, Grayscale’s Global Head of ETFs, expressed enthusiasm about the ETF launch, stating, “We couldn’t be more excited to launch Grayscale® Bitcoin Adopters ETF, which offers investors a new way to tap into the rising trend of corporate Bitcoin treasury adoption without needing to hold Bitcoin directly.” He added that as more companies adopt Bitcoin in their balance sheets, BCOR presents a strategy enabling investors to capture this corporate momentum via traditional equity routes.
For potential investors wondering how to learn more about BCOR, Grayscale has set up detailed information on its website. Those interested can view materials at https://etfs.grayscale.com/bcor. It’s crucial, however, for investors to consider their investment goals and be aware of the risks involved before diving in. Grayscale has provided a contact line at (866)-775-0313 for those looking to review a prospectus or summary prospectus for the ETF, which contains vital details about investing risks and expenses.
It’s important to note that the Fund itself won’t invest directly in digital assets or derivatives. While it may not have direct exposure to Bitcoin, it could still be indirectly tied to digital assets by investing in companies that integrate these assets into their operations or hold Bitcoin as investments. But it’s key to understand this means the Fund won’t track price movements of digital assets directly.
The Indxx Bitcoin Adopters Index, designed by Indxx, assembles both U.S. and international equity securities of firms identified as having adopted Bitcoin as a treasury asset. As always, investing comes with risks, and there’s a potential for loss of principal.
Grayscale has a long-standing reputation, founded back in 2013, and now boasts a decade of experience in crypto asset management. An SEC-registered investment adviser since January 2022, Grayscale caters to diverse investment needs, providing access to both single assets and thematic exposure in the digital economy. For more information on what Grayscale has to offer, check out their site or follow their social media outlets.
