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Bloomberg and Grayscale Launch Future of Finance Index -Breaking

by Mike Robinson

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Bloomberg and Grayscale Launch Future of Finance Index

Bloomberg and Grayscale Investments today announced the launch of the Bloomberg Grayscale Future of Finance Index, tracking the rapidly evolving digital economy – specifically the confluence of technology, finance, and digital assets.

The index is built using Bloomberg Intelligence’s proprietary theme basket methodology, coupling a rigorous data-driven and transparent build process with the market expertise of Bloomberg and Grayscale. The index includes those companies which Bloomberg Intelligence analysts believe will significantly contribute to the development of the digital economy. Companies that represent the “Future of Finance” in the final basket are categorized by three key pillars: financial foundations, digital asset infrastructure, and technology solutions. This could include exchanges, payments, asset management and hardware. It also includes miners.

“As financial markets continue to evolve and be revolutionized by transformative technologies, we anticipate that investors will become more interested in these innovations.”
Dave Gedeon is Bloomberg’s Global Head for Multi-Asset Indices.

Investors now have the best benchmark for measuring the performance of current or potential future investments with the Bloomberg Grayscale Future of Finance Index.
The index currently tracks 22 companies. Rebalancing will occur quarterly. Clients of Bloomberg can access the Index using the ticker BGFOF Index to access historic data up until December 2020.

“The Bloomberg Grayscale Future of Finance Index, which was created by an analyst to monitor companies and technology shaping the future of financial service,”
Grayscale’s CEO, Michael Sonnenshein.

Bloomberg is a great partner for this index. It will provide investors with a simple way to follow the progress of those companies who are creating the infrastructure that underpins our digital economy.

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