BCOR - ETF AI Analysis

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Grayscale Bitcoin Adopters ETF (BCOR)

Rating:61Neutral

Price Target:―

The Grayscale Bitcoin Adopters ETF (BCOR) has a balanced overall rating, driven by strong contributions from Tesla (TSLA), which benefits from robust financial performance and growth potential despite valuation concerns, and Galaxy Digital Holdings (GLXY), which is well-positioned for future growth in AI and digital assets. However, weaker holdings like GameStop (GME), with bearish momentum and expensive valuation, and Metaplanet KK (JP:3350), which struggles with profitability and high leverage, may have held back the ETF's rating. A key risk factor is the ETF's concentration in high-volatility sectors such as cryptocurrency and technology, which could lead to significant fluctuations in performance.

Positive Factors

Strong Performing Holdings

Several top holdings, such as Galaxy Digital and Coinbase, have delivered strong year-to-date gains, supporting the ETF's overall performance.

Sector Diversification

The ETF is spread across multiple sectors, including Consumer Cyclical, Technology, and Financials, which helps balance risk.

Exposure to Growth Areas

The ETF focuses on innovative and high-growth industries like technology and cryptocurrency, which have strong potential for future gains.

Negative Factors

High Concentration in Top Holdings

Tesla and Strategy make up nearly 40% of the portfolio, increasing the risk tied to the performance of these two companies.

Underperforming Holdings

Several holdings, such as Truth Social and GameStop, have lagged in performance, which could weigh on the ETF's returns.

Limited Geographic Diversification

The ETF is heavily concentrated in U.S. companies, with minimal exposure to international markets, reducing global diversification.

BCOR vs. SPDR S&P 500 ETF (SPY)

AUM3.56M

RegionGlobal

Expense Ratio0.59%

Beta1.76

IssuerGrayscale

Inception DateApr 30, 2025

Dividend Yield0.05%

Asset ClassEquity

Index TrackedIndxx Bitcoin Adopters Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume981

30 Day Avg. Volume1,528

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

42.30

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering40

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

BCOR Summary

The Grayscale Bitcoin Adopters ETF (BCOR) is an investment fund that focuses on companies actively involved in bitcoin adoption. It tracks the Indxx Bitcoin Adopters Index, which includes global businesses holding at least 100 bitcoin in their treasuries. Some well-known companies in this ETF are Tesla and Coinbase Global. BCOR offers a way to invest in the growth of cryptocurrency indirectly while benefiting from a diversified portfolio of established firms. However, new investors should be aware that the ETF’s performance is closely tied to the volatile cryptocurrency market, which can lead to significant price swings.

How much will it cost me?The Grayscale Bitcoin Adopters ETF (BCOR) has an expense ratio of 0.59%, which means you’ll pay $5.90 per year for every $1,000 invested. This is higher than the average for passively managed ETFs because it tracks a niche index focused on companies with bitcoin exposure, requiring more specialized management.

What would affect this ETF?The Grayscale Bitcoin Adopters ETF (BCOR) could benefit from increased global adoption of bitcoin and blockchain technology, especially as major companies like Tesla and Coinbase continue to integrate cryptocurrency into their strategies. However, the ETF may face challenges from regulatory changes, heightened scrutiny of digital assets, or a downturn in the cryptocurrency market, which could negatively impact its holdings and overall performance.

BCOR Top 10 Holdings

The Grayscale Bitcoin Adopters ETF (BCOR) leans heavily on Tesla, which has shown mixed performance recently, with steady long-term gains but short-term dips. MicroStrategy, another top holding, is lagging due to bearish technical trends and profitability challenges, despite its aggressive Bitcoin strategy. The fund’s focus on companies integrating Bitcoin is evident, with a strong tilt toward technology and financial sectors. Global exposure adds diversity, but names like Coinbase and Galaxy Digital are struggling with crypto market volatility, holding back overall performance. BCOR’s thematic concentration makes it a bold play on Bitcoin adoption, but volatility remains a key risk.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
TSLA	Tesla	28.55%	$989.66K	$1.55T	10.82%	73 Outperform
MSTR	Strategy	12.66%	$438.96K	$46.09B	-51.53%	55 Neutral
3659	NEXON Co	6.33%	$219.33K	¥3.02T	69.47%	76 Outperform
GME	GameStop	5.12%	$177.49K	$10.32B	-22.21%	66 Neutral
XYZ	Block	4.91%	$170.07K	$38.75B	-26.53%	72 Outperform
MELI	Mercadolibre	4.64%	$160.97K	$97.15B	17.91%	77 Outperform
COIN	Coinbase Global	4.38%	$151.89K	$65.85B	-12.68%	68 Neutral
GLXY	Galaxy Digital	4.03%	$139.62K	$8.92B	30.68%	70 Outperform
3350	Metaplanet KK	3.88%	$134.65K	¥461.47B	7.69%	50 Neutral
DJT	Truth Social	3.54%	$122.76K	$2.93B	-58.03%	―

BCOR Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

30.32

Negative

100DMA

31.65

Negative

200DMA

Market Momentum

MACD

-0.71

Negative

RSI

42.20

Neutral

STOCH

14.76

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BCOR, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 27.45, equal to the 50-day MA of 30.32, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.71 indicates Negative momentum. The RSI at 42.20 is Neutral, neither overbought nor oversold. The STOCH value of 14.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BCOR.

BCOR Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BCOR	―	―	$3.56M	0.59%	―
GINX	―	―	$81.92M	0.99%	―
ICAP	―	―	$74.70M	3.19%	―
PRAY	―	―	$70.33M	0.69%	―
TOLL	―	―	$69.98M	0.55%	―
GOP	―	―	$63.24M	0.75%	―

Performance Comparison

BCOR

Grayscale Bitcoin Adopters ETF

27.17

1.68

6.59%

GINX

SGI Enhanced Global Income ETF

―

ICAP

InfraCap Equity Income Fund ETF

―

PRAY

FIS Biblically Responsible Risk Managed ETF

―

TOLL

Tema Monopolies and Oligopolies ETF

―

GOP

Unusual Whales Subversive Republican Trading ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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