Summary
Grayscale Bitcoin Adopters ETF is an ETF - a fund traded on an exchange like a stock - run by Grayscale. Positions inside: 10. The ten largest make up 81% of the fund.
- Yearly costs
- 0.59%
- Fund size
- $2.44M
- Positions
- 10
- Dividend yield
- 3.21%
- Running since
- 2025
What speaks for it
- Average yearly growth over the last ten years: 8.0%.
What to watch
- The ten largest positions make up 81% of the fund, so its result rests on a few names.
- 84% of the fund is in one country (United States).
- Costs of 0.59% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 45% from its high.
- A young fund: it has been running only since 2025.
- A small fund with $2.44M under management; small funds get closed more often.
- It trades little: only about $26.1K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -13%
- 3 months
- +17%
- This year
- -3.2%
- 1 year
- -28%
- 5 years
- +48%
- 10 years
- +116%
- Avg. market cap
- $443.3B
- P/E
- -
- Forward P/E
- -
- P/S
- 0.5x
- P/B
- 0.4x
- P/FCF
- 12.9x
- EV/EBITDA
- -
- Dividend yield
- 0.91%
- ROIC
- -3.4%
- ROE
- -35.9%
- Gross margin
- 37.8%
- Operating margin
- -714.2%
- Net margin
- -4,584.9%
- Payout ratio
- -
- Net debt/EBITDA
- -
- Beta
- 2.47
Weighted average of the 10 largest companies, which make up 81% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 TSTesla TSLA 23%
- 2 MSStrategy MSTR 20%
- 3 33Metaplanet Inc. 3350.T 5.8%
- 4 XYBlock, Inc. XYZ 5.4%
- 5 ASStrive, Inc. ASST 5.2%
- 6 36NEXON Co., Ltd. 3659.T 4.6%
- 7 COCoinbase COIN 4.4%
- 8 XXTwenty One Capital Inc XXI 4.3%
- 9 BLBullish BLSH 3.8%
- 10 DJTrump Media & Technology Group Corp. DJT 3.7%
Positions in the fund: 10. The ten largest make up 81% of it.
Composition as of Oct 23, 2026.
Where is it spread?
One countryBy sector
- Technology 37%
- Consumer cyclical 25%
- Financials 24%
- Communication services 8.0%
- Consumer defensive 4.6%
- Other 1.2%
By country
- United States 84%
- Japan 9.7%
- Cayman Islands 3.9%
- Norway 1.1%
- Other countries 1.5%
By company size
- Mega cap 29%
- Large cap 43%
- Mid cap 18%
- Small cap 4.6%
- Micro cap 5.3%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 81% of the fund.
Largest sector: Technology (37%). Largest country: United States (84%). Largest size group: Large cap (43%).
What does it cost me?
Expensive- A year from $10,000
- $59.00
- Over 20 years
- $2,828
From every $10,000 invested the fund takes $59.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,828.
How has it done?
Growing over the long run- A year on average, 10 years
- +8.0%
- Deepest drop
- -45%
- Yearly volatility
- 46%
Average yearly growth over the last ten years: 8.0%. Deepest drop in these years: 45% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.21%
- Payments a year
- 2
- Last payment
- $0.03
Over the last 12 months it paid $0.80 per share, which is 3.21% of today's price. The last payment was $0.03 on Jun 17, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $26.1K
- Shares a day
- 1.0K
On an average day about $26.1K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- Average Bulios Score
- 41 out of 100
Weight by Bulios Fair Price
- Undervalued 40%
- Fairly valued 0.0%
- Overvalued 60%
By Fair Price, 60% of the rated weight comes out as overvalued.
Counted from its largest companies (10), which make up 81% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
OW OWNB Bitwise Bitcoin Standard Corporations ETF | United States | 0.85% | $25.4M | -46% | Pays out | 49% |
CR CRPT First Trust SkyBridge Crypto Industry and Digital Economy ETF | United States | 0.85% | $102.6M | -38% | Pays out | 36% |
HB HBTE.NE Harvest Bitcoin Leaders Enhanced Income ETF | Canada | 0.75% | $14.2M | -58% | Pays out | 28% |
ST STCE Schwab Crypto Thematic ETF | United States | 0.30% | $124.3M | -50% | Pays out | 25% |
DA DAPP VanEck Digital Transformation ETF | United States | 0.52% | $236.1M | -40% | Pays out | 24% |
TE TESL Simplify Volt TSLA Revolution ETF | United States | 0.97% | $15.1M | -57% | Pays out | 23% |