- Issuer
- Grayscale
- Inception Date
- Apr 29, 2025
- Region
- Global (Broad)
- Category
- Blockchain
- Leveraged
- 1x (No leverage)
- Index Tracked
- Indxx Bitcoin Adopters Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $3M
Share Price Chart
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Performance
BCOR Performance Chart
Grayscale Bitcoin Adopters ETF (BCOR) is up 0.6% since the beginning of the year. BCOR is currently trading at $26 per share.
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Returns By Period
Grayscale Bitcoin Adopters ETF (BCOR) has returned 0.56% so far this year and -11.62% over the past 12 months.
Grayscale Bitcoin Adopters ETF
- 1D
- -3.72%
- 1M
- -1.43%
- YTD
- 0.56%
- 6M
- -4.20%
- 1Y
- -11.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
BCOR Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2025, BCOR's average daily return is +0.05%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2026 with a return of +16.8%, while the worst month was Nov 2025 at -15.9%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BCOR closed higher 50% of trading days. The best single day was Feb 6, 2026 with a return of +11.6%, while the worst single day was Feb 5, 2026 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.71% | -10.60% | -6.27% | 16.83% | 7.31% | -4.96% | 0.56% | ||||||
| 2025 | 16.27% | 12.41% | 0.70% | -5.66% | 11.63% | -3.67% | -15.85% | -7.32% | 4.14% |
Benchmark Metrics
Grayscale Bitcoin Adopters ETF has an annualized alpha of -40.80%, beta of 2.22, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since May 01, 2025.
- This ETF participated in 291.74% of S&P 500 Index downside but only 76.61% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -40.80%
- Beta
- 2.22
- R²
- 0.41
- Upside Capture
- 76.61%
- Downside Capture
- 291.74%
Expense Ratio
BCOR has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BCOR ranks 6 for risk / return — in the bottom 6% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and compare them to S&P 500 Index.
| BCOR | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 2.39 | -2.67 |
Sortino ratioReturn per unit of downside risk | -0.14 | 3.25 | -3.39 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.43 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.11 | -3.38 |
Martin ratioReturn relative to average drawdown | -0.51 | 14.38 | -14.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Grayscale Bitcoin Adopters ETF provided a 3.08% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.79 | $0.79 |
Dividend yield | 3.08% | 3.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Grayscale Bitcoin Adopters ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.79 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Grayscale Bitcoin Adopters ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Grayscale Bitcoin Adopters ETF was 42.99%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Grayscale Bitcoin Adopters ETF drawdown is 28.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -42.99%Mar 2026 | 5mo 24d | — | 7mo 29dOct 2025 - now |
2025 correction2025 | -13.37%Sep 2025 | 1mo 18d | 27d | 2mo 15dJul 2025 - Oct 2025 |
2025 selloff2025 | -13.32%Jun 2025 | 14d | 1mo 5d | 1mo 19dMay 2025 - Jul 2025 |
2025 selloff2025 | -2.69%May 2025 | 1d | 2d | 3dMay 2025 - May 2025 |
2025 selloff2025 | -2.47%May 2025 | 0s | 1d | 1dMay 2025 - May 2025 |
Drawdown Indicators
| BCOR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.99% | -56.78% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -42.99% | -9.10% | -33.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -28.87% | 0.00% | -28.87% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -10.72% | -7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.04% | 1.97% | +21.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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