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Grayscale Bitcoin Adopters ETF (BCOR)
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Upturn Advisory Summary
08/14/2025: BCOR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 24.48 - 35.32 | Updated Date 06/9/2025 |
52 Weeks Range 24.48 - 35.32 | Updated Date 06/9/2025 |
Upturn AI SWOT
Grayscale Bitcoin Adopters ETF
ETF Overview
Overview
The Grayscale Bitcoin Adopters ETF (ticker: BGFA) is designed to track companies that are involved in the Bitcoin ecosystem, including Bitcoin mining, Bitcoin trading, Bitcoin infrastructure, and other Bitcoin-related activities. It aims to provide exposure to companies benefiting from the increasing adoption of Bitcoin.
Reputation and Reliability
Grayscale Investments is a well-known digital asset manager with a significant track record in the cryptocurrency investment space.
Management Expertise
Grayscale has a dedicated management team with expertise in digital assets and traditional finance, which has experience in launching and managing cryptocurrency-related investment products.
Investment Objective
Goal
To provide investment returns that correspond to the performance of the CoinDesk Bitcoin Adopters Index (ticker: CDAB).
Investment Approach and Strategy
Strategy: The ETF tracks the CoinDesk Bitcoin Adopters Index, a rules-based index designed to measure the performance of companies that participate in the Bitcoin ecosystem.
Composition The ETF primarily holds stocks of publicly traded companies involved in Bitcoin mining, trading, and infrastructure.
Market Position
Market Share: Limited data available on specific market share, as this is a relatively new and evolving sector. Accurate, up-to-date market share data is difficult to acquire.
Total Net Assets (AUM): 26130744
Competitors
Key Competitors
- BITQ
- BLOK
- WGMI
- DAPP
Competitive Landscape
The competitive landscape involves other ETFs focusing on blockchain technology and crypto-related companies. BGFA's advantage lies in its specific focus on Bitcoin adopters. Disadvantages include potential overlap with broader crypto ETFs and reliance on Bitcoin's performance.
Financial Performance
Historical Performance: Historical performance data is limited due to the ETF's relatively recent launch. Track record is unavailable.
Benchmark Comparison: Performance is compared to the CoinDesk Bitcoin Adopters Index. Data comparing to its benchmark index is unavailable.
Expense Ratio: 0.7
Liquidity
Average Trading Volume
The ETF's liquidity, as indicated by its average trading volume, is moderate, suggesting adequate trading activity for typical investors.
Bid-Ask Spread
The bid-ask spread is reasonable, indicating relatively low transaction costs for trading the ETF.
Market Dynamics
Market Environment Factors
The ETF is affected by Bitcoin's price movements, regulatory developments in the cryptocurrency space, and overall market sentiment towards digital assets.
Growth Trajectory
The ETF's growth trajectory depends on the increasing adoption of Bitcoin by companies and the overall performance of the Bitcoin ecosystem.
Moat and Competitive Advantages
Competitive Edge
BGFA's competitive edge lies in its focused approach on companies directly benefiting from Bitcoin adoption, providing targeted exposure to this specific segment of the digital asset market. Grayscale's reputation in the digital asset space can also provide an advantage. A disadvantage is the reliance on a single cryptocurrency, Bitcoin, exposing investors to Bitcoin's price volatility and potential regulatory risks. However, by focusing on the adopters, the ETF tries to limit the impact of such single asset volatility.
Risk Analysis
Volatility
The ETF is expected to exhibit high volatility due to its exposure to the cryptocurrency market and the volatility of Bitcoin.
Market Risk
Market risk includes fluctuations in Bitcoin's price, regulatory uncertainty, and potential technological disruptions within the Bitcoin ecosystem.
Investor Profile
Ideal Investor Profile
The ideal investor is one who is bullish on Bitcoin and wants to gain exposure to the Bitcoin ecosystem through publicly traded companies. This investor should have a high risk tolerance.
Market Risk
The ETF is more suitable for investors with a high risk tolerance and a long-term investment horizon, who are comfortable with the volatility associated with cryptocurrency investments.
Summary
The Grayscale Bitcoin Adopters ETF provides exposure to companies involved in the Bitcoin ecosystem, offering a way to invest in the growth of Bitcoin adoption. It is designed for investors who are optimistic about Bitcoin's future and are comfortable with the volatility of the cryptocurrency market. Its performance is closely tied to Bitcoin's price movements and the overall health of the Bitcoin ecosystem. Investors should consider their risk tolerance and investment horizon before investing in this ETF. While its relatively narrow focus creates targeted exposure, it also concentrates its risks.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Grayscale Investments Website
- CoinDesk
- Bloomberg
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and a thorough understanding of the risks involved.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grayscale Bitcoin Adopters ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal circumstances, the fund will invest at least 80% of its net assets (including investment borrowings) in the constituents that comprise the index. The index is designed by Indxx (the "index provider") to consist of U.S. and non-U.S. equity securities of companies that have been classified by the index provider as having adopted Bitcoin as an asset for corporate treasury management. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.