Grayscale Investment LLC introduced a new exchange-traded fund (ETF) on Wednesday, named Grayscale® Bitcoin Adopters ETF, listed under the ticker BCOR.

In a statement, the firm said this fund is designed for investors who want to support companies that have added Bitcoin to their financial reserves. Instead of buying Bitcoin directly, people can invest in this fund to get exposure to firms that believe in Bitcoin's long-term value.

"We couldn't be more excited to launch Grayscale® Bitcoin Adopters ETF, which offers investors a new way to tap into the rising trend of corporate Bitcoin treasury adoption without needing to hold Bitcoin directly," Global Head of ETFs at Grayscale David LaValle mentioned. "As more companies integrate Bitcoin into their balance sheets, BCOR provides a forward-looking strategy to capture this momentum through traditional equity markets. It’s an exciting opportunity for those who believe in Bitcoin’s long-term potential," he added.