Grayscale, the largest cryptocurrency asset management firm in the world, has made an announcement today that the firm is launching the Grayscale BTC Adopters ETF. This newly added fund will be listed under the $BCOR ticker. Grayscale has revealed this groundbreaking news to the crypto community through its official social media platform, X account.
$BCOR to Offer Exposure to Firms Using $BTC as a Treasury Reserve Asset
Several major firms are using Bitcoin (BTC) as a treasury reserve asset and greatly believe in the long-term value of the world’s largest digital currency. These corporations from around the world have just one common goal, which is the adoption of Bitcoin ($BTC), and they are all unified on this purpose. This newly added ETF fund, $BCOR, will offer great exposure to these companies. People now can make their investments in this fund instead of purchasing their BTC directly.
Providing A New Way for Investors to Experience $BTC Treasury Adoption
The volatile nature of Bitcoin makes it different from other traditional assets. However, major companies from across the world consider the largest cryptocurrency as a strong hedge against the growing inflation. Investors who usually have direct exposure of Bitcoin ($BTC) will now have the opportunity to explore different major corporations across the world that adopt BTC with the help of $BCOR.
Grayscale’s ETF Targeting Corporate Bitcoin Adoption
David LaValle, Grayscale’s Global Head of Exchange-Traded Funds, said in a statement that investors will now be provided with a new way to gain access to the growing corporate $BTC treasury adoption, and for that, they would not have to have a direct exposure to bitcoin.
Stating further, he said that more and more firms are growing their balance sheets by integrating bitcoin and that’s where, Bitcoin Adopters ETF fund will grab the opportunity and shift this momentum by offering them a forward-looking strategy. Those who have a strong belief in the long-term value of BTC can benefit from this opportunity provided to them, he said at the end.
