Grayscale Investments announced that it is set to make a play for Europe with its first exchange-traded fund (ETF) in the region
Grayscale Future Of Finance Now Live In Europe
Grayscale Investments stated on Monday that it is planning to enter the European market with its first exchange-traded fund (ETF).
The company launched the exchange-traded fund (ETF) in February 2022 that tracks the investing performance of the Grayscale Future of Finance Index. The Grayscale Future of Finance UCITS ETF will trade on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra.
UCITS ETF reflects the investment performance of the Bloomberg Grayscale Future of Finance Index.
The GFOF UCITS ETF will be available for purchase throughout Europe.
Pillars Of Future Of Finance
The GFOF UCITS ETF strives to provide investors with exposure to companies at the convergence of finance, technology, and digital assets.
“We announced our first ETF earlier this year in partnership with Bloomberg as part of the expansion of our business. With growing global demand from both institutional and individual investors for the products, we’re thrilled to be expanding our offering in Europe through the UCITS wrapper,” said Grayscale Investments CEO Michael Sonnenshein. “This product draws upon our historical strengths while furthering our evolution as an asset manager that helps investors build portfolios that can stand the test of time. GFOF UCITS ETF is the natural next step in our global strategic journey.”
Companies in the Grayscale Future of Finance Index reflect three “Future of Finance” pillars:
- Financial Foundations – asset managers, exchanges, brokerages, and wealth managers involved in the enablement of the digital economy
- Technology Solutions – organizations providing the technology to facilitate the digital economy through data and processing
- Digital Asset Infrastructure – includes companies directly involved in mining, energy management, and activities that power the digital asset ecosystem
Grayscale ended at $14.69 on Friday, down from roughly $26 on February 1, according to a tracker on the company’s website.
Coinbase, Robinhood, and Block are among its top ten investments (formerly known as Square).
