Bitcoin investment firm Grayscale launches ETF in Europe

Grayscale, a crypto investing firm, is expanding its activities in Europe by introducing a new crypto-linked exchange-traded fund (ETF).

On Monday, Grayscale unveiled its first European ETF, the Grayscale Future of Finance UCITS ETF. Grayscale confirmed to Cointelegraph that the ETF will start trading on Tuesday.

The London Stock Exchange, Borsa Italiana, and Deutsche Börse’s electronic trading platform Xetra are among the European stock exchanges that will offer the new investment product. The ETF will be passported for sale across Europe and will trade under the ticker name GFOF.

The Bloomberg Grayscale Future of Finance Index is tracked by GFOF UCITS ET, which was created in collaboration with Bloomberg. The index was jointly launched by Bloomberg and Grayscale in January 2022 with the goal of tracking the digital economy and focused on the three primary directions of technology, finance, and digital assets.

The new ETF comprises companies directly involved in bitcoin mining, energy management, and other activities in the digital asset ecosystem, according to the statement. According to the fund’s official website, the ETF monitors companies such as Robinhood, a crypto-friendly trading programme, PayPal, Block, Coinbase, Canaan, and others.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us