Grayscale Investments plans to list its first exchange-traded fund on the London Stock Exchange, the Deutsche Börse, and Borsa Italiana, targeting finance, technology, and digital assets.
The Grayscale Future of Finance UCITS ETF (GFOF) will be available to the clients in the European market, and trading is expected to start on May 17.
The ETF is set to track the Bloomberg Grayscale Future of Finance Index, unveiled in January to track firms’ performance, including Paypal, Block, Coinbase Global, and Argo Blockchain.
Grayscale CEO Michael Sonnenshein announced in April that it was eying the European cryptocurrency fund market, where 70 ETFs worth about $7 billion are currently listed.
The asset manager announced a similar offering in the US listed in the NYSE Arca to expand the portfolio outside direct investment in digital assets.