Grayscale ETF plans are taking shape with the filing of ‘Future of Finance’


However, U.S. regulators have yet to sign off a physically-backed ETF, so funds like GBTC – which held around 3.4% of global Bitcoin supply in mid-October – remain on hold. Meanwhile, according to Grayscale, GFOF is an alternative way for investors to get involved in the crypto industry.

“Since our inception in 2013, we’ve worked to create a range of safe, familiar investment products that allow investors to access the digital economy,” a Grayscale spokeswoman wrote in an email. The GFOF filing “is another example of how Grayscale will continue to diversify its family of products to meet the growing demand for future-oriented investment opportunities.”

If approved, GFOF would be one of several funds tracking crypto-linked stocks, including the $ 1.6 billion Amplify Transformational Data Sharing ETF (BLOK) and the $ 313 million Siren Nasdaq NexGen Economy ETF (BLCN) . Invesco launched two such funds in October, while Valkyrie added the Valkyrie Innovative Balance Sheet ETF last week.

As Grayscale plans new funding, the clock is ticking on his proposal to convert GBTC into an ETF – a process CEO Michael Sonnenshein says the company is “100% committed” to. Regulators approved the GBTC proposal last week, opening the time for the SEC to either reject or postpone the conversion until the end of the year.

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