Grayscale starts Bitcoin Adopters ETF, who appeals to companies, who hold BTC as a treasury reserve

• The fund, which started on April 30, follows a diversified group of companies with Bitcoin treasure strategies.
• The remarkable components include Michael Saylor’s strategy, the mining company Marathon Digital Holdings (Mara), Tesla and the Japanese BTC-focused company MetAplanet.
• The start takes place against the background of a strong increase in the institutional Bitcoin purchase.

The asset manager Grayscale has introduced a new stock market -traded fund - Grayscale Bitcoin Adopters ETF - the investors are supposed to offer access to company that actively keep Bitcoin in their balance sheets.

The fund, which started on April 30, follows a diversified group of companies with Bitcoin treasure strategies in seven sectors, including mining, automobile and energy.

The remarkable components include Michael Saylor’s strategy, the mining company Marathon Digital Holdings (Mara), Tesla, the Japanese BTC-focused company MetAplanet and the Aerospace Company Kulr Technology Group.

introducing the grayscale bitcoin adopters ETF (ticker: $ bcor ) $ bcor Provides exposure to corporations that have added #bitcoin as a treasury reserve asset. Thesis Companies sit Across Several Sectors and Industries and are all united by a common thread - Bitcoin adoption.

See… pic.twitter.com/o0fx2or50

- Grayscale (@Grayscale) April 30, 2025

The ETF reflects the growing corporate trend of taking over Bitcoin as a strategic reserve assets in order to secure itself against the inflation of fiat currencies and increase the shareholder value.

Accelerable company demand for BTC

The start takes place against the background of a strong increase in the institutional Bitcoin purchase.

fidelity Digital Assets recently reported that public companies acquired over 30,000 BTC per month in 2025, which significantly exceeds the supply of mining workers.

According to Fidelity, the circulating range of Bitcoin is falling on the stock exchanges, which is due to the continuous corporate accumulation.

Michael Saylor’s strategy remains the largest corporate owner of Bitcoin outside of stock exchanges and continues his aggressive purchase strategy.

Bitcoin could achieve new highs thanks to the corporate accumulation

Bitcoin could be able to achieve new highs, since corporate accumulation and renewed ETF inflows cut the offer, according to a customer notice from the research and brokerage company Bernstein on Monday.

Analysts under the direction of Gautam Chhugani found that short-term comparisons between Bitcoin and assets such as gold or the NASDAQ can be misleading, and significant indicators are reduced retail sales, growing company demand for trust and strong ETF inflows.

The note follows the announcement of Twenty One Capital, a new Bitcoin company treasure company, which was launched last week by Softbank, Tether, Bitfinex and Cantor Fitzgerald with 42,000 BTC.

The company is supported with $ 900 million from Softbank, $ 1.5 billion from Tether and $ 600 million from Bitfinex, with plans to join for a spac with Cantor Equity Partners and get a further $ 585 million at the end.

Bernstein compared the strategy with that of Strategy, which has collected $ 2224 in 2024 and so far in 2025 $ 8.6 billion to expand their Bitcoin stocks.

The analysts found that the company battery is becoming more competitive, since around 80 companies now hold a total of 700,000 BTC - about 3.4% of the total offer.