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Grayscale Launches First Equity ETF

Grayscale, which is owned by Digital Currency Group, has launched its first equity exchange-traded fund (ETF) tracking the Bloomberg Grayscale Future of Finance (BGFOF) index. The fund will be administered by US Bank.

ETF Newz Says:

Grayscale has $38.2 billion in assets under management. The index for the ETF can track payments, exchange, asset management, hardware, blockchain/tech and mining companies, is rebalanced every quarter. Some of the holdings are Silvergate Capital (SI), PayPal (PYPL), Coinbase Global (COIN), Block (SQ).