Three new crypto-focused exchange-traded funds have been put forward for approval by cryptocurrency asset manager Grayscale Investments, which also announced a new entity to manage its growing funds.it launched a new arm of its business — the Grayscale Funds Trust — allowing it to manage many of its publicly traded financial products in-house.
The Global Bitcoin Composite ETF would invest in exchange-traded products that are related to or backed by BitcoinSimilarly, the Ethereum futures ETF would allow an indirect exposure to the potential future value of Ether by way of shares that track ETH’s price.
The new funds are an Ethereum Futures ETF, a Global Bitcoin Composite ETF and a Privacy ETF. The Global Bitcoin Composite ETF would invest in exchange-traded products that are related to or backed by Bitcoin, including Bitcoin mining firms.
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