Grayscale launches Bitcoin adopters exchange-traded fund
Grayscale launched the Grayscale Bitcoin Adopters ETF, which tracks companies holding Bitcoin as a treasury strategy. The ETF includes firms from various sectors, such as Bitcoin mining, automotive, and energy, featuring notable companies like Strategy, MARA, Tesla, Metaplanet, and KULR Technology Group. This ETF reflects a trend where companies use Bitcoin to enhance shareholder value and safeguard against fiat currency inflation. Blockstream CEO Adam Back predicts that Bitcoin treasury companies will drive BTC's market cap to $200 billion as they bet on hyperbitcoinization. Fidelity Digital Assets reports that public companies have purchased over 30,000 BTC monthly in 2025, with Strategy being the largest corporate holder. Institutions are acquiring BTC at a rate of 2,087 per day, significantly exceeding miner output of 450 BTC daily, potentially leading to a supply crunch that could raise Bitcoin prices beyond retail investors' reach.
