Grayscale has partnered with Bloomberg to launch a digital assets-based index that tracks 22 companies linked to multiple crypto-linked equities and Fintech.
The Index, dubbed Grayscale Future of Finance Index, would provide indirect exposure to asset class and not a direct investment opportunity.
The crypto-linked equities would cover asset management, exchanges, mining, and blockchain technology with a quarterly rebalance.
The announcement notes that the companies that BGFOF tracks are key revenue drivers in the emerging digital space.
BGFOF Index is expected to have both the US and non-US digital assets despite the announcement not listing the targeted firms.
BGFOF is included in Grayscale’s larger exchange-traded fund strategy, which comprises plans to turn its Bitcoin Trust into a bitcoin ETF.
Valkyrie’s Innovative balance sheet ETF and the NFT-tracking index fund from Bitwise are similar indices that were launched last year to monitor crypto-linked equities.
Source: The Block
