The World’s Largest Crypto Asset Manager, Grayscale, Is Going to Have Its First-Ever exchange traded fund (ETF) launch in Europe. Through the fund, investors can easily invest in “the future of finance”. Grayscale announced the launch Monday in a press release†
Grayscale launches crypto ETF in Europe
The fund will be launched under the name Grayscale Future of Finance UCITS ETF, with the ticker GFOF. An ETF is a stock fund in which investors can invest by buying shares. The advantage of an ETF is that such a fund contains a basket of companies. An investment in the ETF is therefore an investment in a variety of different stocks that are part of the fund.
Grayscale says the fund represents three pillars of “the future of finance”. Those are the following parts:
†Financial foundations – asset managers, exchanges, brokers and asset managers involved in enabling the digital economy
Technological Solutions – organizations that provide the technology to facilitate the digital economy through data and processing
Digital Assets Infrastructure – includes companies directly involved in mining, energy management and activities that power the digital asset ecosystem.”
‘Digital (crypto) economy a major driver of the future’
Thus, through Grayscale’s new fund in Europe, investors will be able to invest in a diversified portfolio of companies that enable the future of the economy. Grayscale states that the digital economy, where bitcoin (BTC) may play a role, will be an important part of our future:
“At Grayscale, we believe that the digital economy will be an important driver for the development and growth of the global economy. Through GFOF UCITS ETF, European investors now have the opportunity to gain exposure to the companies critical to the evolution of the global financial system.”
The fund will be listed on the London Stock Exchange (LSE), Borsa Italiana and Deutsche Börse Xetra.