Grayscale, Bitcoin-holding company investing ETF launch

Publicly traded companies holding Bitcoin (Source: RIVER)

Asset management firm Grayscale has launched a new ETF investing in companies that have adopted Bitcoin as part of their financial strategy or are holding it. This ETF is named 'Grayscale Bitcoin Adopters ETF' and was formally introduced to the market on April 30 with the announcement.

This ETF is composed of companies directly related to Bitcoin across seven industries including Bitcoin mining, automotive, and energy. Major included stocks are MicroStrategy, Tesla, Bitcoin mining company MARA, Japanese BTC holding company Metaplanet, and energy solution company KULR Technology Group.

This fund is noteworthy as it tracks companies that have adopted Bitcoin as part of their accounting strategy, unlike existing products that simply invest in cryptocurrency. Grayscale focuses on the fact that Bitcoin, as a scarce digital asset, can be a means of defense against inflation, and believes that companies adopting this strategy are likely to increase shareholder value in the long term.

Grayscale's move shows that the market trend of viewing cryptocurrencies not just as an investment target but as part of corporate financial strategy is expanding. Indeed, since President Donald Trump's inauguration, there has been an increasing movement among companies in the United States to more actively embrace digital assets, with demand for indirect investment in related companies through ETFs likely to increase gradually.