Grayscale announces its first European ETF

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The Grayscale Future of Finance UCITS ETF tracks the Bloomberg Grayscale Future of Finance index The ETF will be listed on Borsa Italiana, London Stock Exchange (LSE ) and Deutsche Börse Xetra Digital wealth management firm Grayscale on Monday released a press release revealing it is expanding its offering to investors Europeans by listing its first European ETF. The Grayscale Future of Finance UCITS ETF will be a clear indicator of the evolution of Grayscale. The first in Europe The ETF is expected to be listed on the Italian Stock Exchange, the London Stock Exchange (LSE) and the Deutsche Börse Xetra under the ticker GFOF. It is designed to allow investors to interact with companies at the intersection of virtual assets, technology and finance. The new offering will follow the performance of the Bloomberg Grayscale Future of Finance Index, which focuses on the three listed sectors. Investing in the ETF would allow investor exposure to wealth managers, brokers, data processors, miners and other companies that power the digital asset ecosystem. “The natural next step in our global journey” Grayscale CEO Michael Sonnenshein described the ETF as a essential part of the strategic expansion of the company outside the existing market. “With the growing demand of Grayscale products by institutional and individual investors, we are excited to expand our offering in Europe through the UCITS wrapper. This product draws on our historical strengths, while promoting our evolution as a wealth manager that helps investors build portfolios that can stand the test of time, ” said Sonnenshein in a note. The Global Head of ETFs, David LaValle, expressed his belief that the digital space will be one of the main drivers of evolution and thriving global ecosystem. LaValle added that the ETF can be a boon to the European investor who now has exposure to company futures that will play a pivotal role in this evolution. “At Grayscale, we have long believed that the digital economy will be an important engine for the development and growth of the global economy. Through GFOF UCITS ETFs, European investors now have the opportunity to receive exposure to companies that are critical to the evolution of the global financial system. We are incredibly proud to have reached this international milestone as Grayscale remains at the forefront of digital currency investments ”, noted.