Crypto asset manager Grayscale has made a splash in the $7 trillion exchange-traded fund market by launching its first ETF.
Grayscale Investments has launched the Grayscale Future of Finance ETF, according to an announcement issued on Wednesday. The move marks the crypto investment giant’s maiden foray into the exchange-traded fund market.
Details of the ETF show that America’s fifth-largest commercial lender U.S. Bank will act as the fund’s service provider and administrator while broker-dealer Foreside will be the distributor of the fund.
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