Grayscale is Getting Ready to Launch its First European ETF

Grayscale Investments stated on Monday that it is planning to enter the European market with its first exchange-traded fund (ETF). According to the company, the Grayscale Future of Finance UCITS ETF reflects the investment performance of the Bloomberg Grayscale Future of Finance Index. An exciting milestone: Announcing our first European ETF, Grayscale Future of Finance UCITS ETF — listing on London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra. https://t.co/kwmWSxvOiV — Grayscale (@Grayscale) May 16, 2022 An ETF wrapper aims to provide investors with exposure to companies at the convergence of finance, technology, and digital assets, companies that the firm claims are “creating the digital economy.” It will trade under the ticker GFOF on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra. It will be passported for sale across Europe, marking the next step in its European expansion. In a statement, Grayscale CEO Michael Sonnenshein said, “This product builds on our past strengths while extending our evolution as an asset manager that helps investors build portfolios that can withstand the test of time.” Grayscale launched an ETF in the United States in February 2022 that tracks the same Index. According to a tracker on the company’s website, Grayscale ended at $14.69 on Friday, down from roughly $26 on February 1. Grayscale is the largest digital currency asset management in the world. B...