New Grayscale ETF Lets You Invest In Bitcoin, Without The Coin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
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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.
Analyst Views on MELI
Wall Street analysts forecast MELI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MELI is 2783 USD with a low forecast of 2500 USD and a high forecast of 2950 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 2057.770
Low
2500
Averages
2783
High
2950
Current: 2057.770
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.
