Grayscale Investments, the world’s leading digital asset manager, today announced the launch of its first ETF. It is called Grayscale Future of Finance ETF and will track the performance of Bloomberg Grayscale Future of Finance Index.
According to a statement dated February 2, the new product’s ticker would be GFOF. The product will include entities from three industries. It will include asset managers, brokers, exchanges, brokerages and wealth managers from three industries.
“We are proud that we have announced our first ETF in partnership to Bloomberg, as we embark on this strategic expansion of the business. Grayscale CEO Michael Sonnenshein said that this product builds on our past strengths and kicks off the next phase of our evolution as an asset manger that helps investors build portfolios capable of withstanding the test of time.”
Bloomberg’s Global Head for Multi-Asset Indices Dave Gedeon stated that the new product is “prepped to become the key equity baseline for our ever-evolving global economy.” Grayscale had previously failed to issue a spot Bitcoin ETF. Grayscale is determined to convert its largest product, The Grayscale Bitcoin Trust, into an exchange-traded fund that tracks the performance of the primary cryptocurrency.
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