Grayscale, a digital asset manager, has launched its first equity ETF.

Contact us to find out the latest news immediately. Twitter You can follow our Telegram channel.

Grayscale, which has $38.2 billion in assets under management, has launched its first ETF. The ETF will invest in companies in the digital asset space by tracking the performance of the Bloomberg Gray Financial Future (BGFOF) index. The ETF will trade under the GFOF code and includes 22 financial services providers including Silvergate Capital (SI), PayPal (PYPL), Coinbase Global (COIN), Block Inc (SQ), Robinhood Markets Inc (HOOD), Argo and others Blockchain PLC (ARB). The company also announced the news on its official Twitter account.

The company, which started with digital assets, is extending its product range to traditional assets with this step. The company said in a press release that the product will enable investors to access new pools of money and reduce the need for expensive intermediaries. Michael Sonnenshein, CEO of Grayscale Investments, used the following statement in a statement.

“As Grayscale positions itself as a global leader in digital currency investing, the future of finance requires the broader authority of …… This product kicks off the next phase of our development as an asset manager, helping investors build portfolios that stand the test of time, while leveraging our historical strengths.”