2 years ago
Grayscale Investments has announced the motorboat of an exchange-traded money (ETF) successful Europe. The company’s Future of Finance UCITS ETF volition database connected the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra.
Grayscale Launches ETF successful Europe
Grayscale Investments, the world’s largest integer plus manager, announced Monday the motorboat of its archetypal European exchange-traded money (ETF) called Grayscale Future of Finance UCITS ETF (ticker: GFOF). It volition database connected the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra, the institution said.
The announcement details:
GFOF UCITS ETF tracks the concern show of the Bloomberg Grayscale Future of Finance Index and seeks to connection investors vulnerability to companies astatine the intersection of finance, technology, and integer assets.
UCITS ETFs are products domiciled successful European markets that are taxable to the Undertakings for the Collective Investment successful Transferable Securities regulation.
The GFOF UCITS ETF is Grayscale’s 2nd ETF. The first, announced successful February, is listed successful the U.S. successful concern with Bloomberg. It besides tracks the concern show of the Bloomberg Grayscale Future of Finance Index.
“We announced our archetypal ETF earlier this twelvemonth successful concern with Bloomberg arsenic portion of the enlargement of our business,” said Grayscale CEO Michael Sonnenshein. “We’re thrilled to beryllium expanding our offering successful Europe done the UCITS wrapper.”
Meanwhile, Grayscale is trying to person the U.S. Securities and Exchange Commission (SEC) to o.k. the conversion of its flagship product, the Grayscale Bitcoin Trust (GBTC), into a spot bitcoin ETF. GBTC presently has $19.2 cardinal successful assets nether management.
The institution precocious had a backstage gathering with the SEC to sermon its application, according to CNBC. The plus manager told the regulator that turning its Bitcoin Trust merchandise into a NYSE-traded ETF would broaden entree to bitcoin and heighten protections portion unlocking up to $8 cardinal successful worth for investors.
So far, the SEC has not approved immoderate spot bitcoin ETF. The deadline for the securities watchdog to either o.k. oregon cull Grayscale’s exertion is July 6. “The SEC is discriminating against issuers by approving bitcoin futures ETFs and denying bitcoin spot ETFs,” Grayscale antecedently said.
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What bash you deliberation astir Grayscale launching an ETF successful Europe portion trying to person the SEC to o.k. its spot bitcoin ETF application? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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