- Grayscale’s BCOR ETF includes public companies holding at least 100 Bitcoin in their corporate treasuries.
- The index uses a weighted cap strategy to prevent overconcentration and maintain inclusion of smaller Bitcoin-exposed firms.
- BCOR broadens Grayscale’s ETF range, joining products like GBTC and ETHE while competing with offerings from Bitwise and REX Shares.
Grayscale has introduced the Bitcoin Adopters ETF (BCOR), a fund designed to track publicly traded companies that hold Bitcoin in their treasuries. The ETF includes companies across global markets and sectors, giving investors indirect Bitcoin exposure through equity positions.
The index membership demands corporate participants to hold at least 100 Bitcoin in their business operations. The participation requirement ensures that the participating firms show substantial dedication to cryptocurrency. The fund incorporates two categories of companies through their Bitcoin revenue connections.
Diversified Index Includes Sector-Agnostic Firms
The ETF covers multiple business sectors without targeting a particular sector type. Primary firms generate less than 50% of their revenue from Bitcoin mining activities but the secondary group focuses on Bitcoin mining infrastructure development. The fund extends its market reach to beyond traditional mining operations with this organizational structure.
The ETF uses a weighting method that considers both the company’s market capitalization and the volume of Bitcoin held. A single firm’s weight in the index cannot exceed 20 percent. This ensures that smaller companies with Bitcoin exposure still maintain a role in the portfolio.
BCOR Adds to Grayscale’s Expanding ETF Offerings
The launch of BCOR allows Grayscale to introduce new products to its ETF collection which includes GBTC and ETHE and MNRS. The firm stands alongside Bitwise and REX Shares as an asset manager providing equity products that are connected to Bitcoin.
BCOR performs according to changes in how its underlying companies handle their Bitcoin holdings. The market value of the fund stands vulnerable to regulatory choices and Bitcoin market trends along with corporate decisions regarding Bitcoin assets. The cryptocurrency sector maintains steady patterns of instability due to the dynamic market conditions.
