Crypto Manager Grayscale Introduces First Exchange Traded Fund

Grayscale, the world’s largest cryptocurrency manager in terms of the total value of assets managed, Grayscale Future of Finance He founded the first exchange-traded fund (ETF).

According to the statement made by Grayscale Investments, which operates within the Digital Currency Group, GFOF the fund to be traded with the code, Bloomberg Grayscale Future of Finance will reflect the performance of the index.

This index, which was launched last month, includes the stocks of 22 financial companies that act in accordance with the digital economy and digital asset themes. These include names such as Silvergate Capital, PayPal, Coinbase, Block, Robinhood, Argo Blockchain.

The index created by Grayscale in cooperation with Bloomberg; of the digital economy “new capital pools” will pave the way and will make markets more efficient” based on your vision.

Extending its product range beyond cryptocurrencies with the new exchange traded fund it established, Grayscale announced that the fund manager will be US Bank, and Foreside will be responsible for the distribution of the fund.

Grayscale’s CEO, Michael Sonnenshein, in the press release on the subject, said that this is what they are watching as a company. part of the strategic growth plan stressed that.

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