Grayscale Launches First Equity-Based ETF With Bloomberg

Grayscale Investments, the world’s largest digital currency asset manager, has announced the launch of its first equity-based exchange-traded fund.

They introduced Grayscale Future of Finance ETF (GFOF) in January. Grayscale’s new ETF will trade under the GFOF ticker and track the Bloomberg Grayscale Future of Finance Index. The GFOF index tracks 22 companies associated with several U.S. and non-U.S. digital asset-linked equities.

“As we strive to meet investor demand for products that will define the next generation of investment portfolios, we are thrilled to reach this important milestone: a first step in what will be an ongoing strategic expansion of Grayscale’s investment offerings that leverage the ETF wrapper,” David LaValle, Global Head of ETFs at Grayscale Investments said.

LaValle added: “Through GFOF, investors now have the opportunity to receive exposure to the companies that are pivotal to the evolution of the global financial system.”

GFOF, on the other hand, will exclude companies that hold bitcoin treasuries as well as firms that make chips for crypto miners. This new equity-based ETF will also exclude digital payment processors.

This firm had previously declared plans to convert its flagship Bitcoin Trust to a bitcoin ETF before introducing this ETF.

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