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Grayscale is preparing to launch its first European ETF

Grayscale Investments stated on Monday that it is planning to enter the European market with its first exchange traded fund (ETF).

The Grayscale Future of Finance UCITS ETF, according to the company, reflects the investment performance of the Bloomberg Grayscale Future of Finance Index.

Through an ETF wrapper, it aims to provide investors with exposure to companies at the convergence of finance, technology, and digital assets, companies that the firm claims are “creating the digital economy.”

It will trade under the ticker GFOF on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra, and will be passported for sale across Europe, marking the next step in the firm’s European expansion.

In a statement, Grayscale CEO Michael Sonnenshein said, “This product builds on our past strengths while extending our evolution as an asset manager that helps investors build portfolios that can withstand the test of time.”

Grayscale launched an ETF in the United States in February 2022 that tracks the same index. Grayscale ended at $14.69 on Friday, down from roughly $26 on February 1, according to a tracker on the company’s website.

Coinbase, Robinhood, and Block are among its top ten investments (formerly known as Square).

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