BCOR
Grayscale Bitcoin Adopters ETF
Grayscale Bitcoin Adopters ETF seeks to provide investors with exposure to companies that are adopting or investing in Bitcoin, aiming to capitalize on the growing integration of Bitcoin in the global economy.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.8 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Inception date | Apr 29, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| STRATEGY INC | 19.4 % |
| TESLA MOTORS INC | 19.3 % |
| GALAXY DIGITAL INC-A | 5.2 % |
| HUT 8 CORP | 5.0 % |
| BLOCK INC. | 4.7 % |
| STRIVE INC-A | 4.4 % |
| RIOT BLOCKCHAIN INC | 4.0 % |
| DIGITAL WORLD ACQUISITION CORP. CLASS A | 3.9 % |
| MERCADOLIBRE INC | 3.8 % |
| COINBASE GLOBAL, INC. CLASS A | 3.6 % |
Constituent Breakdown
| Number of holdings | 35 |
| Herfindahl-Hirschman Index | 957 |
| Wgt avg mkt cap (mns) | $310,023 |
| Large cap (>$10bn) | 57.4% |
| Mid cap ($2-10bn) | 27.6% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 90.5% |
| Emerging mkts. | 4.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.4 % |
 |
JAPAN | 5.9 % |
 |
CANADA | 5.3 % |
 |
ARGENTINA | 3.8 % |
 |
NORWAY | 0.8 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.8% | -8.0% | -- | -- | -- | -- | -- | 6.4% |
| Dividend Yield | 0.0% | 2.8% | -- | -- | -- | -- | -- | 3.0% |
| Total Returns | 5.8% | -5.2% | -- | -- | -- | -- | -- | 9.4% | Ann. Volatility | 47.2% | 41.2% | -- | -- | -- | -- | -- | 42.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.49 | 51% |
| MSCI EAFE | 1.43 | 27% |
| MSCI Emg Mkts | 1.22 | 35% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.64% |
Technical Indicators
| 30d moving avg. (EMA) | $25.87 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.41/0.52 |
| Bollinger Bands (Upper/Lower) | $28.10/$25.17 |
| Short interest (% of AUM) | 1.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BCOR |
Expenses vs. BCOR |
ALTAR Score™ vs. BCOR |
|---|---|---|---|---|
| BITQ | Bitwise Crypto Industry Innovators ETF | 39.3% | +26 bp | -3.9% |
| DAPP | VanEck Digital Transformation ETF | 38.0% | -9 bp | -2.1% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 29.2% | +26 bp | -2.1% |
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 28.2% | +40 bp | -0.6% |
| BLCK | Corgi Crypto Infrastructure ETF | 27.4% | -24 bp | -3.9% |
| BKCH | Global X Blockchain ETF | 27.2% | -9 bp | -4.9% |
| IBLC | iShares Blockchain and Tech ETF | 23.8% | -12 bp | -3.3% |
| BLOK | Amplify Transformational Data Sharing ETF | 23.5% | +16 bp | -2.1% |
| MNRS | Grayscale Bitcoin Miners ETF | 19.7% | 0 bp | -4.2% |
| XLY | Consumer Discretionary Select Sector SPDR | 19.3% | -51 bp | +3.2% |
Risk and Returns: BCOR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.1%
ALTAR SCORE™
20nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. BCOR's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places BCOR in the 20nd percentile
among funds in the category.
Sell-Side Consensus
$30.12
PRICE TARGET
+18.0%
UPSIDE
Bid/Ask Spreads
64 bp
AVG SPREAD
35 —
591 bp
RANGE