Grayscale launches Bitcoin adopters exchange-traded fund

Quick Summary:

Grayscale's Bitcoin Adopters ETF highlights the growing trend of Bitcoin acquisition companies using the scarce digital asset to drive up shareholder prices and to protect their corporate financial reserves against the inflation inherent in fiat currencies.

Source: RiverRelated: Cantor plans $3B crypto venture with SoftBank, Bitfinex and Tether: ReportBitcoin treasury companies and the effect on BTC marketsBlockstream CEO Adam Back recently wrote that Bitcoin treasury companies will cause BTC to surge to a $200 billion market capitalization in the coming years.

Fidelity Digital Assets released metrics suggesting that the supply of BTC on exchanges is dwindling due to heightened buying pressure from companies like Strategy that regularly acquire Bitcoin for their corporate reserves".

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Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets: United States

Topics: Treasury Grayscale Digital Mining Firms Strategy Bitcoin Miner Supply Corporate Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 18:08:33 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28301501

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 39 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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