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All You Need to Know About Grayscale’s ETF

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Grayscale Investment LLC has launched an ETF today ( goes by the ticker GFOF). As per, David Lavalle, head of Grayscale’s ETF decision, this ETF is designed to help companies actively work on building the digital economy and related networks. It charges 0.7% fees for the same from users.

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Grayscale is planning to become a top-notch ETF creator among all companies. David filed to convert the GBTC (Grayscale Bitcoin Trust) to an ETF, and the application was rejected multiple times. The organization is also working to create a balance between supply and demand.

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Grayscale isn’t the only one; BLOK, and BLCN, were launched with similar motives. But these two have suffered paramountly when the recent market crash has happened.

Grayscale has brought famous names together to fulfill the vision, Silvergate Capital Corp., Coinbase Global Inc., and PayPal Inc.

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