New Grayscale ETF Lets You Invest In Bitcoin, Without The Coin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
0mins
Source: Benzinga
Grayscale Bitcoin Adopters ETF: Grayscale has launched the BCOR ETF, which tracks publicly traded companies that have incorporated Bitcoin into their corporate strategies, rather than directly tracking Bitcoin prices.
Investment Strategy and Holdings: The fund includes notable companies like MicroStrategy, Tesla, and MercadoLibre, and aims to provide investors exposure to the trend of corporate Bitcoin adoption without requiring direct ownership of Bitcoin.
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Analyst Views on MELI
Wall Street analysts forecast MELI stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 1742.190
Low
2500
Averages
2783
High
2950
Current: 1742.190
Low
2500
Averages
2783
High
2950
About MELI
MercadoLibre Inc is a Uruguay-based e-commerce business facilitator of Argentinian origins. The e-commerce products enable retail and wholesale via Internet platforms designed to provide users with a portfolio of services to facilitate commercial transactions. The Company's geographic coverage includes 18 countries of Latin America. The primary offer is an ecosystem of six integrated e-commerce services: the Mercado Libre Marketplace, the Mercado Libre Classifieds service, the Mercado Pago payments solution, the Mercado Credito financial solutions, the Mercado Envios logistic solutions including shipping, the Mercado Ads advertising platform and the Mercado Shops digital storefront solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MercadoLibre Faces Profit Margin Decline Amid Heavy Investments
- Margin Decline: MercadoLibre's overall operating margin fell to 6.9% last quarter, and due to aggressive investments in e-commerce and fintech, it may decline further in the coming quarters, causing investor anxiety.
- Strong Revenue Growth: Despite margin pressures, MercadoLibre's total revenue grew 46% year-over-year in constant currency, with fintech revenue soaring by 54%, indicating robust growth potential in the Latin American market.
- Long-Term Investment Opportunity: Although the stock has dropped 30% over the past year, analysts believe MercadoLibre could increase revenue from $31.8 billion to $100 billion in the next five years, with a potential profit of $15 billion if margins recover to 15%, showcasing its long-term investment value.
- Optimistic Market Outlook: Currently, MercadoLibre has a market cap of $88 billion, and if it trades at 20x earnings in five years, its market cap could reach $300 billion, suggesting that buying at today's price could yield over 20% annualized returns, attracting long-term investors' interest.
See More
Investment Opportunity Analysis for MercadoLibre
- Poor Market Performance: Despite the overall market rally, MercadoLibre's stock has dropped 30% over the past year primarily due to aggressive investments eroding profit margins, leading to investor disappointment regarding its outlook.
- Strong Revenue Growth: The company's e-commerce revenue in Brazil grew 47% year-over-year, while its fintech segment saw a remarkable 54% increase, indicating robust growth potential in the Latin American market, despite short-term margin pressures.
- Long-Term Profit Potential: MercadoLibre's revenue is projected to rise from $31.8 billion to $100 billion over the next five years, and if it can restore a 15% profit margin, it could achieve $15 billion in earnings, highlighting its long-term investment value.
- Attractive Market Valuation: With a current market cap of $88 billion, MercadoLibre could reach $300 billion in five years at a 20x earnings multiple, suggesting that buying at today's valuation could yield over 20% annualized returns, making it an appealing opportunity for long-term investors.
See More
Market Sees Best Quarter in Six Years Driven by AI and Chip Stocks
- Market Performance: The S&P 500 rose 14% and the Nasdaq-100 surged 26%, marking the best quarter in six years, reflecting strong investor confidence in AI and chip stocks, which could attract more capital into the market.
- Axon Enterprise Growth: In Q1 2026, Axon reported a 34% year-over-year revenue increase, with SaaS revenue up 35% and a net revenue retention rate of 125%, underscoring its strong market position and profitability in the law enforcement sector.
- Dutch Bros Expansion Plans: Dutch Bros aims to increase its store count from 1,000 to 2,029 by 2029, which could lead to significant revenue growth, while same-store sales grew 8.4% in Q1 2026, demonstrating resilience in a competitive coffee market.
- MercadoLibre Sustained Growth: MercadoLibre's revenue increased by 49% year-over-year in Q1 2026, with total payment volume rising 50%, solidifying its dominance in the Latin American e-commerce market, and it is poised to leverage AI and data analytics for further market expansion.
See More
Market Sees Best Quarter in Six Years
- Market Performance: The S&P 500 rose 14% and the Nasdaq-100 surged 26%, indicating a robust market recovery driven by advancements in artificial intelligence, which could attract more capital inflows and bolster investor confidence.
- Axon Enterprise Growth: In Q1 2026, Axon reported a 34% year-over-year revenue increase, with SaaS revenue up 35%, reflecting strong demand for its products in U.S. law enforcement, which is expected to further enhance profitability.
- Dutch Bros Expansion Plans: Dutch Bros aims to increase its store count from 1,000 to 2,029 by 2029, which could significantly boost revenue, while same-store sales grew 8.4% in Q1, showcasing its strong performance in a competitive coffee market.
- MercadoLibre Sustained Growth: MercadoLibre achieved a 49% year-over-year revenue increase in Q1 2026, with total payment volume rising 50%, underscoring its dominant position in Latin America's e-commerce and fintech sectors, indicating substantial future growth potential.
See More
MercadoLibre: A Risky Yet Promising Investment Choice
- High Market Valuation: The current Shiller P/E ratio of 41 indicates that the overall market is near record highs, presenting challenges for growth-focused investors who may gravitate towards popular tech stocks or undervalued consumer stocks.
- Profit Pressure: Despite MercadoLibre's 49% year-over-year revenue growth in Q1, a significant increase in loan volumes has led to a 106% rise in doubtful-account expenses, resulting in reduced profits and highlighting the pressures faced in a competitive e-commerce market.
- Deepening Competitive Advantage: MercadoLibre has successfully turned adversity into opportunity by launching services like Mercado Pago and Mercado Envios, enhancing its competitive edge in the Latin American market, and while currently accepting lower margins, this could lead to higher sales and fewer competitors in the future.
- Reasonable Valuation Outlook: Although MercadoLibre's P/E ratio stands at 45, significantly above the S&P 500's average of 31, its strong revenue growth suggests that this valuation is relatively reasonable historically, prompting investors to consider gradually increasing their holdings at current price levels.
See More
MercadoLibre Faces Challenges and Opportunities
- Strong Revenue Growth: MercadoLibre achieved a 49% year-over-year revenue increase in Q1 2026, demonstrating resilience and potential in the Latin American e-commerce market despite pressure from competitors like Amazon and Sea Limited.
- Profit Growth Constraints: The significant rise in loan volumes led to a 106% year-over-year increase in doubtful accounts, impacting profits in Q1, yet management is implementing strategies to address declining retail margins.
- Reasonable Market Valuation: With a P/E ratio of 45, well above the S&P 500's 31, MercadoLibre's valuation remains attractive given its robust revenue growth, appealing to risk-tolerant investors.
- Successful Strategic Transformation: By launching Mercado Pago and Mercado Envios, MercadoLibre has effectively turned adversity into opportunity, enhancing its competitive edge and positioning for higher future sales and profit growth.
See More
MercadoLibre Faces Profit Margin Decline Amid Heavy Investments
- Margin Decline: MercadoLibre's overall operating margin fell to 6.9% last quarter, and due to aggressive investments in e-commerce and fintech, it may decline further in the coming quarters, causing investor anxiety.
- Strong Revenue Growth: Despite margin pressures, MercadoLibre's total revenue grew 46% year-over-year in constant currency, with fintech revenue soaring by 54%, indicating robust growth potential in the Latin American market.
- Long-Term Investment Opportunity: Although the stock has dropped 30% over the past year, analysts believe MercadoLibre could increase revenue from $31.8 billion to $100 billion in the next five years, with a potential profit of $15 billion if margins recover to 15%, showcasing its long-term investment value.
- Optimistic Market Outlook: Currently, MercadoLibre has a market cap of $88 billion, and if it trades at 20x earnings in five years, its market cap could reach $300 billion, suggesting that buying at today's price could yield over 20% annualized returns, attracting long-term investors' interest.
See More
Investment Opportunity Analysis for MercadoLibre
- Poor Market Performance: Despite the overall market rally, MercadoLibre's stock has dropped 30% over the past year primarily due to aggressive investments eroding profit margins, leading to investor disappointment regarding its outlook.
- Strong Revenue Growth: The company's e-commerce revenue in Brazil grew 47% year-over-year, while its fintech segment saw a remarkable 54% increase, indicating robust growth potential in the Latin American market, despite short-term margin pressures.
- Long-Term Profit Potential: MercadoLibre's revenue is projected to rise from $31.8 billion to $100 billion over the next five years, and if it can restore a 15% profit margin, it could achieve $15 billion in earnings, highlighting its long-term investment value.
- Attractive Market Valuation: With a current market cap of $88 billion, MercadoLibre could reach $300 billion in five years at a 20x earnings multiple, suggesting that buying at today's valuation could yield over 20% annualized returns, making it an appealing opportunity for long-term investors.
See More
Market Sees Best Quarter in Six Years Driven by AI and Chip Stocks
- Market Performance: The S&P 500 rose 14% and the Nasdaq-100 surged 26%, marking the best quarter in six years, reflecting strong investor confidence in AI and chip stocks, which could attract more capital into the market.
- Axon Enterprise Growth: In Q1 2026, Axon reported a 34% year-over-year revenue increase, with SaaS revenue up 35% and a net revenue retention rate of 125%, underscoring its strong market position and profitability in the law enforcement sector.
- Dutch Bros Expansion Plans: Dutch Bros aims to increase its store count from 1,000 to 2,029 by 2029, which could lead to significant revenue growth, while same-store sales grew 8.4% in Q1 2026, demonstrating resilience in a competitive coffee market.
- MercadoLibre Sustained Growth: MercadoLibre's revenue increased by 49% year-over-year in Q1 2026, with total payment volume rising 50%, solidifying its dominance in the Latin American e-commerce market, and it is poised to leverage AI and data analytics for further market expansion.
See More
Market Sees Best Quarter in Six Years
- Market Performance: The S&P 500 rose 14% and the Nasdaq-100 surged 26%, indicating a robust market recovery driven by advancements in artificial intelligence, which could attract more capital inflows and bolster investor confidence.
- Axon Enterprise Growth: In Q1 2026, Axon reported a 34% year-over-year revenue increase, with SaaS revenue up 35%, reflecting strong demand for its products in U.S. law enforcement, which is expected to further enhance profitability.
- Dutch Bros Expansion Plans: Dutch Bros aims to increase its store count from 1,000 to 2,029 by 2029, which could significantly boost revenue, while same-store sales grew 8.4% in Q1, showcasing its strong performance in a competitive coffee market.
- MercadoLibre Sustained Growth: MercadoLibre achieved a 49% year-over-year revenue increase in Q1 2026, with total payment volume rising 50%, underscoring its dominant position in Latin America's e-commerce and fintech sectors, indicating substantial future growth potential.
See More
MercadoLibre: A Risky Yet Promising Investment Choice
- High Market Valuation: The current Shiller P/E ratio of 41 indicates that the overall market is near record highs, presenting challenges for growth-focused investors who may gravitate towards popular tech stocks or undervalued consumer stocks.
- Profit Pressure: Despite MercadoLibre's 49% year-over-year revenue growth in Q1, a significant increase in loan volumes has led to a 106% rise in doubtful-account expenses, resulting in reduced profits and highlighting the pressures faced in a competitive e-commerce market.
- Deepening Competitive Advantage: MercadoLibre has successfully turned adversity into opportunity by launching services like Mercado Pago and Mercado Envios, enhancing its competitive edge in the Latin American market, and while currently accepting lower margins, this could lead to higher sales and fewer competitors in the future.
- Reasonable Valuation Outlook: Although MercadoLibre's P/E ratio stands at 45, significantly above the S&P 500's average of 31, its strong revenue growth suggests that this valuation is relatively reasonable historically, prompting investors to consider gradually increasing their holdings at current price levels.
See More
MercadoLibre Faces Challenges and Opportunities
- Strong Revenue Growth: MercadoLibre achieved a 49% year-over-year revenue increase in Q1 2026, demonstrating resilience and potential in the Latin American e-commerce market despite pressure from competitors like Amazon and Sea Limited.
- Profit Growth Constraints: The significant rise in loan volumes led to a 106% year-over-year increase in doubtful accounts, impacting profits in Q1, yet management is implementing strategies to address declining retail margins.
- Reasonable Market Valuation: With a P/E ratio of 45, well above the S&P 500's 31, MercadoLibre's valuation remains attractive given its robust revenue growth, appealing to risk-tolerant investors.
- Successful Strategic Transformation: By launching Mercado Pago and Mercado Envios, MercadoLibre has effectively turned adversity into opportunity, enhancing its competitive edge and positioning for higher future sales and profit growth.
See More
