Grayscale launches Bitcoin adopters exchange-traded fund
Asset manager Grayscale has introduced the Grayscale Bitcoin Adopters exchange-traded fund (ETF), which targets companies that utilize a Bitcoin treasury or holding strategy. Launched on April 30, the ETF offers exposure to firms across seven sectors, including Bitcoin mining, automotive, and energy industries. Notable firms in the ETF include Michael Saylor's Strategy, mining company MARA, automotive giant Tesla, and others. This ETF reflects a growing trend where companies hold Bitcoin to enhance shareholder value and hedge against fiat currency inflation. With public companies reportedly purchasing over 30,000 BTC monthly in 2025, institutional buying is outpacing miner production, resulting in a potential supply crunch that could drive BTC prices higher. Analyst Adam Livingston notes that institutions like Strategy are buying an average of 2,087 BTC per day, significantly surpassing the combined miner output of around 450 BTC daily.
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