New Grayscale ETF Lets You Invest In Bitcoin, Without The Coin

With corporate adoption of Bitcoin picking up pace, Grayscale is betting that investors want in—not by way of the cryptocurrency itself, but through the companies that are adopting it. The crypto asset manager has unveiled the Grayscale Bitcoin Adopters ETF (NYSE:BCOR), an innovative new fund that tracks publicly traded companies with Bitcoin as part of their corporate treasuries.

Unlike spot Bitcoin ETFs that track the price of the asset, BCOR is constructed on the Indxx Bitcoin Adopters Index, a carefully curated basket of international companies that have incorporated Bitcoin as a financial strategy, not merely a fad. …

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