Grayscale Bitcoin Adopters ETF
$29.30+0.00 (+0.00%)
- Expense ratio
- 0.59%
- Fund size
- $3M
- 1Y return
- −13.6%
- Yield · Last 12 months
- 2.73%
- Holdings
- 45
- Volume · 30D
- 0M sh
- NAV per share
- $28.96
- 52W range
The ETF.net BCOR Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 68Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 22Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 31Category rank
Our read on BCOR
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.
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 Holdings
- Stocks
- 45
- 100%
- MSTR
Sectors
- Technology34.9%
- Consumer Discr.27.5%
- Financials22.8%
- Communication9.0%
- Cons. Staples4.4%
- Industrials1.0%
- Energy0.4%
Geography
- United States79.94%
- Japan7.84%
- Cayman Islands5.87%
- Uruguay4.85%
- Norway0.78%
- China0.24%
- South Korea0.19%
- Turkey0.15%
- 0.13%
Developed 44% · Emerging 56%
BCOR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | BCOR |
|---|---|
| Year to date | +15.5% |
| 1 month | +16.5% |
| 3 months | +22.6% |
| 1 year | −13.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BCOR |
|---|---|---|
| 2026 YTD | +15.5% | |
| 2025 | +4.2% |
BCOR in the news
ETF.net Research hasn’t filed on BCOR yet — coverage lands here as it’s written.
BCOR Dividends
- 2.73%
- $0.80
- $0.03 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 17, 2026 | Jun 24, 2026 | $0.03 |
| Dec 31, 2025 | Jan 7, 2026 | $0.77 |
| Jun 17, 2025 | Jun 24, 2025 | $0.01 |
| Jan 9, 2008 | Data unavailable | $9.00 |
| May 16, 2007 | May 28, 2007 | $6.30 |
BCOR Risk
- 42.8%
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.
- 0.25
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.
- −43.0%
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.
- 2.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BCOR Cost
- The middle half of Crypto Industry Stocks funds
- Median 0.65%
6 of the 20 Crypto Industry Stocks funds charge less.