Grayscale's Dave LaValle Hints At More Digital Asset-Backed ETFs To Come
Portfolio Pulse from Justin Roberti
Grayscale Investments, the world's largest crypto asset manager, is planning to launch 40 more digital asset-backed ETFs. The firm's global head of ETFs, Dave LaValle, stated that the firm is focused on providing optionality, access, transparency, and fairness for all levels of retail and institutional investors. Grayscale has also filed a Registration Statement with the SEC for three other funds: Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF.
October 27, 2023 | 1:04 pm
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Grayscale's plans to launch more digital asset-backed ETFs could increase the demand for Bitcoin, potentially driving its price up.
The launch of more digital asset-backed ETFs by Grayscale could lead to an increase in demand for Bitcoin as these ETFs would provide more investors with access to the crypto market. This increased demand could potentially drive up the price of Bitcoin.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80