![\"Crypto](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/02\/grayscale-etf.jpg\")
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Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF \u201cseeks to invest in the companies and technologies shaping the \u2018future of finance.’\u201d \n The company explained that its new ETF \u201cseeks to invest in the companies and technologies shaping the \u2018future of finance.’\u201d In addition, it is \u201cthe first equity ETF to track the investment performance of the Bloomberg Grayscale Future of Finance Index.\u201d<\/p>\n David LaValle, global head of ETFs at Grayscale Investments, opined:\n<\/p>\n Through GFOF, investors now have the opportunity to receive exposure to the companies that are pivotal to the evolution of the global financial system.<\/p>\n<\/blockquote>\n \n The Nasdaq-listed Microstrategy, however, is not in the components of the ETF. Grayscale CEO Michael Sonnenshein explained on CNBC Wednesday that \u201cthe way we designed this product was to exclude companies that are holding bitcoin on the balance sheet.\u201d Microstrategy bought 660 more BTC<\/a> on Tuesday, raising the company\u2019s bitcoin holdings<\/a> to about 125,051 BTC<\/a>.<\/p>\n Grayscale has selected U.S. Bank as the administrator and service provider for the ETF. Foreside will serve as the ETF\u2019s distributor.<\/p>\n Dave Gedeon, global head of Multi-Asset Indices at Bloomberg, noted that the new ETF product is backed by proprietary data and \u201crobust research from Bloomberg Intelligence,\u201d elaborating:\n<\/p>\n The Bloomberg Grayscale Future of Finance Index is primed to become the key equity benchmark for our ever-evolving digital economy.<\/p>\n<\/blockquote>\n \n In January, Grayscale said it is considering 25 more crypto assets<\/a> for investment products, bringing the total number of assets under consideration to 43.<\/p>\n
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<\/strong>\n<\/p>\nGrayscale\u2019s First ETF<\/h2>\n
\nGrayscale Investments, the world\u2019s largest digital currency asset manager, announced Wednesday the launch of its first exchange-traded fund (ETF) called Grayscale Future of Finance ETF (symbol: GFOF).<\/p>\n\n
22 Holdings but No Microstrategy<\/h2>\n
\nThe fund has 22 holdings as of Feb. 2. The top holdings are Paypal Holdings, Coinbase Global, Silvergate Capital, Robinhood Markets, Block (formerly Square), Plus500, Argo Blockchain, Hut 8 Mining, Bitfarms, and Hive Blockchain Technologies.<\/p>\n\n
\nGrayscale currently has $34.6 billion in assets under management (AUM). The company offers 16 crypto investment products. The largest is Grayscale Bitcoin Trust (GBTC) which has $24.8 billion in assets. The latest addition was the Solana trust<\/a> which was launched in November last year.<\/p>\n