Grayscale to launch digital assets ETF in UK, Italy, Germany
By
The ETF, tracking the "Bloomberg Grayscale Future of Finance
Index", will be listed on the London Stock Exchange,
The index contains a mixture of companies involved in digital currencies including asset managers, exchanges, brokers, technology firms, as well as firms directly involved in cryptocurrency mining.
"For us, the digital economy is... primarily being driven
through the proliferation of digital assets," said Grayscale CEO
In February, Grayscale launched an ETF in
Retail trading platform Robinhood, payments firm
PayPal (PYPL), and fintech firm Block were the index's
top three holdings as of
Cryptocurrencies and crypto-related stocks have fallen in recent weeks, as investors dumped riskier assets over fears about high inflation and major central banks tightening policy.
Last week, bitcoin plunged to as low as