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Launched · SEC filings

Grayscale Bitcoin Adopters ETF

BCORNYSE ArcaGrayscaleC

$23.030.00 (+0.01%)

As of Nov 10, 2026, 9:46 AM ET

C40/ 100

Rank 13 of 20 in Crypto Industry Stocks

C40/100Rank 13 of 20inCrypto Industry Stocks
Intraday session: up, 1 prints from 23.03 to 23.03. Range 23.03 to 23.03. Use the arrow keys to read each point.23.0323.0323.0410 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$2M
1Y total return
−22.7%
Yield · Last 12 months
3.48%
Holdings
10
Avg volume · 30D
1.02K sh
52W range
low $20.15high $31.38
Launched
Filings
SEC EDGAR

The ETF.net BCOR Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Crypto Industry Stocks⁠
Rank
13 of 20
Six-pillar profile for BCOR. Scores out of 100: Cost 68, Risk 70, Mission not scored, Tradability 6, Holdings 21, Durability 31. Strongest: Risk (70). Weakest: Tradability (6). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
48
This cap took
−8
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 7 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A70 out of 100
    Rank 5 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F6 out of 100
    Rank 19 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F21 out of 100
    Rank 19 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D31 out of 100
    Rank 18 of 20

Our read on BCOR

ETF.net Research

In short

CGrayscale's play on the corporate side of crypto: a global index fund holding bitcoin adopter companies rather than miners or the coin itself. Arrived in 2025 at 0.59%, under the typical crypto-equity fee.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Indxx Bitcoin Adopters Index.

Why people hold it

  • Costs 0.59% a year, below the 0.69% median for its crypto-equity peer group, and matches the fee on Grayscale's own miner fund, MNRS.
  • Adopters, not diggers. It tracks the Indxx Bitcoin Adopters Index, a global equity basket that carves out a different slice of the trade than miner or blockchain-infrastructure funds.
  • Plain vanilla plumbing: a 1940 Act ETF tracking a published index, so the lineup follows a written rulebook instead of a manager's discretion.

Worth knowing

  • This is a stock fund, not bitcoin. You own operating companies, so business results and equity-market moods ride along with whatever crypto is doing.
  • Launched in 2025, so it has none of the multi-year history behind older crypto-equity names like BKCH and BLOK.
  • Trading is lighter than at the category's largest funds, which can translate into wider bid-ask spreads.

BCOR Performance

Launched Apr 30, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BCOR$7,728
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. BCOR $7,728. SPY $11,339. Use the arrow keys to read each point.$8,000$10,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BCOR. Periods over one year show the average yearly return.
PeriodBCOR
Year to date−9.4%
1 month−13.6%
3 months+6.0%
1 year−22.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BCOR
YearReturn barBCOR
2026 YTD−9.4%
2025+4.2%

Since listing, Apr 30, 2025

BCOR in the news

BCOR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.48%Last 12 months
Payout per share
$0.80Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 3 payments from 2017 to 2026 YTD. Jun 17, 2025 $0.01; Dec 31, 2025 $0.77; Jun 17, 2026 $0.03. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 17, 2026Jun 24, 2026$0.03
Dec 31, 2025Jan 7, 2026$0.77
Jun 17, 2025Jun 24, 2025$0.01
Jan 9, 2008No data$9.00
May 16, 2007May 28, 2007$6.30

— Pay date not on file.

$10,000 in BCOR 1 year ago paid $264 in dividends.

BCOR Risk

Risk pillarA70 out of 100Rank 5 of 20 in Crypto Industry Stocks
How much the fund’s monthly returns vary, scaled to a year.
41.9%
Annualised · 18 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.04
vs 3-month T-bills · 18 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−43.0%
18 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.56
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BCOR Cost

Compare BCOR and STCE

Overpaying vs STCE, cheapest in Crypto Industry Stocks

$5,486

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BCOR 0.59%

    $11,635

  • STCE 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • BCOR 0.59%
  • STCE 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530BCOR $11,635STCE $6,149

Year by year

YearBCORSTCEOverpaying
10$1,058$545$513
20$4,051$2,113$1,938
30$11,635$6,149$5,486

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