Grayscale Lanza Nuevo ETF that tracks companies with Bitcoin reservations

By Hannah Pérez

The New ETF of Grayscale invests in companies that have adopted Bitcoin for their corporate treasury and maintaining at least 100 BTC. It is the third ETF of similar approach that is launched this year.

***

• Grayscale offers investors capitalize on the Bitcoin reserve trend.
• Its new ETF invests in companies with at least 100 BTC in its treasury.
• It is the third similar approach product that is launched in the US. This year.
• Meanwhile, the race for the Cryptocurrency ETF does not stop, and Grayscale looks for the front.

---

The Fund Administrator focused on cryptocurrencies, Grayscaleit has expanded its offer of investment vehicles, this time with a regulated product that allows investors to capitalize on the adoption trend of Bitcoin Between companies.

In a press release on Wednesday, Grayscale He presented his new quoted fund (ETF) that invests in public companies with reservations of Bitcoin (BTC) in its treasury, providing indirect exposure to the greatest cryptocurrency.

Known as “Grayscale Bitcoin Adopters ETF”(BCOR), the new vehicle specifically invests in companies that include the Indxx Bitcoin Adopters Indexa patented index designed to measure the performance of the companies that have adopted Bitcoin As an asset for corporate treasury management, according to the statement.

To be included in the ETF, A company must have at least 100 BTC in its treasury. Participation, which may be maximum 20% per company, will be weighted based on the amount of Bitcoin maintained and market capitalization of each firm.

ETF with exposure to Bitcoin treasures

Companies around the world have been actively incorporating Bitcoin in his treasury in an effort to get away from the fiduciary devaluation and favor shareholders. Strategy He has been leading this movement since Bitcoin adopted for his balance in 2020, currently accumulating a stash of more than 530,000 BTC.

High profile brands such as Tesla and Block They are some of those who have put part of their cash in Bitcoin. The list includes the Japanese company Metaplanet, as well as Bitcoin miners, Mara, Riot Platforms and Hut 8.

The new ETF of Grayscale is thinking to offer investors the possibility of actively participating in this trend, providing exposure to companies from different industries with a common vision: maintain Bitcoin.

In this sense, the fund is an alternative to direct exposure to Bitcoin and one “exciting opportunity for those who believe in Bitcoin’s long -term potential“seem to David Lavalle, Global Director of ETF in Grayscale.

“We couldn’t be more excited to launch Gryscale Bitcoin Adopters ETF, which offers investors a new way of taking advantage of the upward trend of the corporate adoption of the Bitcoin Treasury without maintaining Bitcoin directly“Lavalle commented in the statement.”As Bitcoin integrates more companies in their balance sheets, BCOR provides a prospective strategy to capture this impulse through traditional values ​​markets“

Grayscale strives to expand its offer

Grayscalewhich offers other ETF of cryptocurrencies, is not the first administrator who seeks to capitalize on the corporate adoption of Bitcoin. Other firms such as Bitwise and Rex Shares Similar ETFs have also launched this year In the midst of a broader race in the US market to launch funds quoted in the cryptocurrency stock market.

The United States Stock Regulator has approved ETF of Bitcoin and Ethereum in cash, as well as products such as the one reviewed with indirect exposure to Bitcoin; However, it has not yet given a verdict for other funds linked to cryptocurrencies.

More than 70 applications for cryptocurrency ETFs such as XRP, Solana, Cardano, Litecoinand others, are on the desk of the Bag and Securities Commission (SEC) waiting for a response this year. These include several proposals for Grayscale.

This week, the SEC postponed the verdict period for an ETF of Hedera in cash proposed by Grayscale. This occurred shortly after the administrator advanced with his paperwork for an ETF in cash Solarium. An application of the firm for an ETF XRP faces the response deadline in May, which could mark a precedent for the industry in case of approval.

---

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.