Grayscale Bitcoin Adopters ETF (BCOR)

Conclusion: Not recommended to buy this ETF for the following reasons:

First, apart from the management fees, its volatility is lower than directly holding Bitcoin, and it does not hold Bitcoin. Compared to buying and holding Bitcoin, it is better since there are no management fees and trades can be executed at any time.

Second, since we know that these companies TSLA, MSTR... hold Bitcoin, we can directly buy the stocks of those companies. For example, TSLA is involved in AI and energy, not only benefiting from the gains brought by Bitcoin at $BTC but also from the advancements in the company's core business.

Here is an introduction to BCOR:

Investment Target: Invest in publicly traded companies globally that include Bitcoin as part of their financial reserves, tracking the Indxx Bitcoin Adopters Index (such as MicroStrategy, Tesla).

Investment Method: Passive investment in the stock market, indirect exposure to Bitcoin adoption trends, and diversification of risk.

Annual Management Fee: 0.59%

Risk and Volatility: Risk is more diversified, as it invests in stocks across seven industries and 15 sub-industries.

Market Positioning and Target: Launched on April 30, 2025, with assets under management of approximately $1 million, NAV per share of $25.31, suitable for investors seeking indirect exposure to Bitcoin.

Regulation and Structure: Managed by Grayscale Advisors, LLC, and regulated by the SEC as a stock ETF.

Suitable Investors: Investors who wish to participate in Bitcoin adoption trends through the stock market while avoiding direct price volatility.