US digital asset manager Grayscale Investments has just announced the launch of its first exchange-traded fund (ETF) in Europe.
The Grayscale Future of Finance UCITS ETF has reportedly been listed on the LSE, the Italian Stock Exchange and the German Xetra exchange.
The investment product tracks the investment performance of the Bloomberg Grayscale Future of Finance index. The company has recalled a similar ETF has been listed in the US since February.
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The index includes three main components: financial foundations, technology solutions and digital asset infrastructure.
Grayscale CEO Michael Sonnenshein has said:
"We announced our first ETF earlier this year in partnership with Bloomberg as part of the expansion of our business. With growing global demand from both institutional and individual investors for Grayscale products, we’re thrilled to be expanding our offering in Europe through the UCITS wrapper."
The company announced in April its intention to expand into the European market.
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