Grayscale Investments announced that it would offer numerous new European-listed products as part of its cross-Atlantic debut.

Grayscale Future of Finance UCITS ETF will be launched in Europe by asset management. Grayscale will launch the ETF on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra, making it its first European fund. Furthermore, the ETF will be traded across Europe.

As a consequence of the market chaos in May, crypto uncertainty is increasing, putting major digital currencies under pressure. Furthermore, traders have gone into hibernation mode due to the collapse of Terra’s LUNA and UST tokens, as well as tremendous panic in the crypto market. As a result, Grayscale is developing a lower-risk ETF that includes firms involved in digital assets, banking, and technology.

Grayscale Provides a Less Risky Crypto Investment Option in Europe

Grayscale will debut the Future of Finance UCITS ETF on May 17. In addition, the Bloomberg Grayscale Future of Finance Index will be tracked.

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The GFOF UCITS ETF was developed in partnership with HANetf, a European full-service ETF provider. Investors may diversify their portfolios by investing in the ETF, which includes firms including PayPal, Coinbase Global, Block, Robinhood Markets, and Argo Blockchain.

We’re happy to be extending our offering in Europe via the UCITS wrapper,” Grayscale CEO Michael Sonnenshein stated, referring to worldwide demand for Grayscale products from institutional and individual investors. This product builds on our previous capabilities while advancing our growth as an asset manager who helps clients create long-term strategies.

Grayscale introduced an ETF in February that follows the Bloomberg Grayscale Future of Finance Index’s performance in the United States.

The Future of Grayscale’s Bitcoin ETF Is Uncertain

The Grayscale Bitcoin Trust (GBTCconversion )’s to a spot Bitcoin ETF is still up in the air. Furthermore, the SEC has remained silent on the possibility of a spot Bitcoin ETF in the United States.

Grayscale hopes that conversion will be more probable than a new spot Bitcoin ETF now that Teucrium and Valkyrie Bitcoin futures ETFs have been approved under the 33 Act.


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