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Grayscale Files Application to Launch a Blockchain-related ETF

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Digital asset manager Grayscale Investments has recently filed an application to launch an exchange-traded fund (ETF) called Grayscale Future of Finance.

According to the filing, the ETF will be made of shares of blockchain-related companies.

The instrument will receive the ticker GFOF (from the Grayscale Future of Finance ETF).

The structure will track the dynamics of Bloomberg Index Services Limited, which includes stocks of companies whose activities intersect in the triangle of finance, technology and digital assets.

Grayscale file on October 19 a Form 19b-4 with the SEC to convert a Bitcoin trust to a spot ETF under the ticker BTC. The decision was made after the start of trading by the first exchange-traded fund based on futures for the leading cryptocurrency.

The trust is the largest managed by Grayscale. As of November 5, its volume was $39.7 billion. The total AUM of the company was estimated at $55.9 billion.

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