Grayscale Makes Europe Debut with Crypto ETF
- ETF will track index of digital asset firms at three bourses
- Sidesteps direct competition in spot crypto ETP market
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Grayscale Investment LLC, the operator of the world’s biggest crypto fund, is making its European debut with an exchange-traded fund tracking a basket of digital asset companies, rather than a product tied to the price of Bitcoin itself.
The fund manager will launch its Future of Finance UCITS ETF (ticker GFOF) on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra on Monday, in collaboration with white-label ETF platform HANetf.