Grayscale Investments has launched new ETF

The exchange-traded fund includes shares of companies focused on the cryptocurrency industry

03.02.2022 - 07:55

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What’s new? Grayscale Investments, an investment and asset management company, has announced the launch of its first exchange-traded fund (ETF). The new ETF has already been added to the New York Stock Exchange listing under the ticker GFOF. The market value of GFOF is approaching $26 at the time of writing this news.

The fund’s page on the company’s website

What is known about the Grayscale Investments exchange-traded fund? GFOF, or “Future of Finance” ETF, includes shares of 22 companies that operate in the field of cryptocurrencies and have added bitcoin and other digital assets to their product lineup. The list of ETFs includes well-known companies such as PayPal Holdings, Coinbase Global, and Silvergate Capital.

In this, the largest share of the funds of the new ETF (62,3%) is directed to the financial companies’ shares, while 37,7% is directed to shares of the infrastructure solutions companies.

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