Grayscale Launches Bitcoin Adopters ETF, Tracking 30,000 BTC Monthly Corporate Buys

Grayscale, a prominent asset manager, has launched the Grayscale Bitcoin Adopters exchange-traded fund (ETF). This new investment vehicle is designed to track companies that employ a Bitcoin (BTC) treasury or holding strategy, providing investors with exposure to a diverse range of sectors that are integrating Bitcoin into their financial strategies.

The ETF will cover seven business sectors, including Bitcoin mining firms, automotive companies, and energy. Notable firms included in the ETF are Michael Saylor's Strategy, mining company MARA, automotive manufacturer Tesla, BTC treasury company Metaplanet, and aerospace energy firm KULR Technology Group. These companies are at the forefront of a growing trend where businesses are acquiring Bitcoin to drive up shareholder prices and protect their financial reserves against inflation.

The launch of the Grayscale Bitcoin Adopters ETF underscores the increasing adoption of Bitcoin by public companies. These companies are using Bitcoin as a strategic asset to hedge against the risks associated with fiat currencies. The trend is driven by the belief that Bitcoin's scarcity and decentralized nature make it a superior store of value compared to traditional financial instruments.

Blockstream CEO Adam Back has highlighted the potential impact of Bitcoin treasury companies on the BTC market. According to Back, the adoption of BTC by these companies could lead to a significant surge in Bitcoin's market capitalization, potentially reaching $200 billion in the coming years. Back suggests that these companies are "front-running" market participants, betting early on the hyperbitcoinization of the global economy, where BTC becomes the dominant store of value.

Fidelity Digital Assets has released metrics indicating that the supply of BTC on exchanges is decreasing due to heightened buying pressure from companies like Strategy, which regularly acquire Bitcoin for their corporate reserves. According to Fidelity, public companies have been buying over 30,000 bitcoin per month so far in 2025. This trend is further supported by the declining miner reserve ratio, which tracks the total number of BTC held in miner wallets.

Michael Saylor's Strategy is currently the largest corporate holder of Bitcoin, outside of crypto exchange companies. The company continues to accumulate BTC regularly, a strategy that Adam Livingston, author of "The Bitcoin Age and The Great Harvest," describes as synthetically halving the newly minted BTC supply. Livingston notes that institutions like Strategy are purchasing an average of 2,087 BTC per day, significantly outpacing the daily output of miners, who collectively produce around 450 BTC per day. This rapid accumulation is expected to create a supply crunch, driving the price of Bitcoin to unprecedented heights and making it unaffordable for most retail investors.