BCOR vs STCE

BCORCGrayscale Bitcoin Adopters ETF

STCEASchwab Crypto Thematic ETF

In short

BCOR Grayscale'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.

STCE Crypto exposure without owning a coin. STCE holds about 40 global companies tied to digital assets and blockchain, chosen by Schwab's own index, at a price that undercuts most thematic funds.

Stated mandate

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

STCE The fund seeks to track, before fees and expenses, an index providing global exposure to companies that may benefit from developing or using cryptocurrencies and other digital assets, or from business activities tied to blockchain and distributed-ledger technology.

Why people hold it

• BCOR 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.

• STCE Charges 0.30% a year, roughly half the typical fund in its global thematic group. Schwab billed it as the lowest-cost crypto-related ETF when it launched in 2022.aboutschwab.com
• Stocks, not coins: the index targets companies worldwide that may benefit from cryptocurrencies, digital assets and distributed-ledger technology.schwabassetmanagement.com
• Cheap, straightforward and liquid enough for a niche theme, which puts it in the top quartile of its global thematic peer group.

Worth knowing

• BCOR 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.

• STCE Crypto-linked equities move violently, and with roughly 40 non-diversified names, a stumble at one holding is felt across the fund.aaii.com
• It owns crypto-adjacent businesses, not bitcoin, so its path can diverge from the coins themselves in either direction.aaii.com
• Modest asset base by ETF standards and distributions land only once or twice a year, so this is a theme sleeve rather than an income holding.

Full BCOR profile⁠

Full STCE profile⁠