Seeking Alpha
2021-11-08 16:25:50

Grayscale Investments to launch the Grayscale Future of Finance ETF

Grayscale Investments, famously known for the Grayscale Bitcoin Trust (OTC:GBTC), intends to launch the Grayscale Future of Finance ETF (GFOF) to give investors exposure to U.S. and non-U.S. securities involved in the progression of the digital economy. Specifically, GFOF aims to offer exposure to businesses involved in buying, selling and transacting in digital assets. Moreover it will also give market participants a way to invest in companies developing the infrastructure that utilize blockchain technology and the mining of digital assets. The fund is a passively managed ETF that will track the Bloomberg Grayscale Future of Finance Index. The index identifies three central groupings as the universe of the future of finance companies -- financial foundations, technology solutions and digital asset infrastructure. Financial foundations refer to asset managers, exchanges, brokerages and wealth managers. Technology solutions involve firms that provide technology through data and transaction processing. Digital asset infrastructure is comprised of

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