Despite being unable to launch a spot Bitcoin ETF in the States, Grayscale will have an exchange-traded fund in the country.
The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the performance of the Bloomberg Grayscale Future of Finance Index.dated February 2nd informed that the new product’s ticker will be GFOF.
Technology solution companies, such as firms providing technology to the digital economy and digital asset infrastructure entities – organizations involved in mining and energy management, will also be a part of the ETF. “We are proud to announce our first ETF in partnership with Bloomberg as we undertake this strategic expansion of our business. This product draws upon our historical strengths while kicking off the next stage of our evolution as an asset manager that helps investors build portfolios that can stand the test of time.” – said Grayscale CEO Michael Sonnenshein.
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