Leading digital asset manager Grayscale Investments has partnered with HANetf to launch a cryptocurrency-based exchange-traded fund (ETF) in Europe.

On May 16, the company announced this bullish news, noting that its ETF is called the Grayscale Future of Finance UCITS ETF. This is Grayscale’s first cryptocurrency-based ETF in Europe and will trade under the ticker symbol GFOF.

for him ad, the ETF will be listed on the London Stock Exchange (LSE), Borsa Italiana and Deutsche Börse Xetra. In addition, the GFOF UCITS ETF will be approved for sale throughout Europe. The ETF tracks the investment performance of the Bloomberg Grayscale Future of Finance Index.

This ETF seeks to expose investors to companies that are building the digital economy. These companies fall into three categories, which form the pillars that support the flourishing industry. These are financial firms in the digital space, technology solution providers, and digital asset infrastructure providers.

Grayscale CEO Michael Sonnenshein commented on the ETF launch, saying:

“This product builds on 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.”

The digital economy will drive the growth of the global economy

According to Grayscale Global ETF Director David LaValle, the company has long believed that the digital economy would help drive development and growth in the global economy.

He added that the GFOF UCITS ETF offers European investors the opportunity to gain exposure to companies driving the evolution of the global financial system.

HANetf Co-Founder and Co-CEO Hector McNeil said:

“In recent years, we have seen an explosion of digital innovations and solutions disrupting the global financial sector, making it more accessible, transparent and inclusive. We are excited to work with a trusted partner like Grayscale to bring an ETF to the European market that provides exposure to the digital economy.”

This news comes as Grayscale continues to push for the US Securities and Exchange Commission (SEC) to approve a spot Bitcoin (BTC) ETF. Recently, Sonnenshein came out to say that the regulator you should make yourself comfortable with a BTC spot ETF if you are fine with a BTC futures ETF.

Obtain a Edge in the Cryptomarket 👇

Become a member of CryptoSlate Edge and get access to our exclusive Discord community, plus exclusive content and analysis.

chain analysis

Pricing Snapshots

More context

Join now for $19/month Explore all the benefits

This post Grayscale Investments Launches Its First European Crypto ETF

was published first on https://cryptoslate.com/grayscale-investments-rolls-out-its-first-european-crypto-etf/


Write A Comment