The leading crypto investment manager, Grayscale Investments launched the first European ETF, Grayscale Future of Finance UCITS ETF under the ticker of GFOF. The ETF is listed on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra.
As per the announcement, GFOF UCITS ETF tracks the investment performance of the Bloomberg Grayscale Future of Finance index. The ETF will provide exposure to digital companies focusing on building the digital economy.
In February 2022, Grayscale launched an ETF in the USA to track the performance of The Bloomberg Grayscale Future of Finance Index. Grayscale and Bloomberg joined hands to launch this Index in January that also tracks the growing digital economy.
The Bloomberg Grayscale Future of Finance Index comprises companies that define three “Future of Finance” pillars: Financial Foundations, Technology Solutions, and Digital Asset Infrastructure.
“Through GFOF UCITS ETF, European investors now have the opportunity to receive exposure to the companies that are pivotal to the evolution of the global financial system,” said David LaValle, Global Head of ETFs at Grayscale Investments.
“We are excited to work with a trusted partner like Grayscale to bring an ETF to the European market providing exposure to the digital economy,” said Hector McNeil, co-CEO and co-Founder of HANetf.