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Grayscale Future of Finance ETF (GFOF)
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Upturn Advisory Summary
12/18/2024: GFOF (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -0.18% | Upturn Advisory Performance  3 | Avg. Invested days: 25 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 12/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -0.18% | Avg. Invested days: 25 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 12/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 3676 | Beta - |
52 Weeks Range 12.54 - 28.67 | Updated Date 12/21/2024 |
52 Weeks Range 12.54 - 28.67 | Updated Date 12/21/2024 |
AI Summarization
Grayscale Future of Finance ETF (GFOF) Overview
Profile:
- Primary Focus: Invests in companies involved in the digital asset and blockchain technology ecosystem.
- Target Sector: Technology, Finance
- Asset Allocation: 80% Digital Asset Companies, 20% Blockchain Infrastructure
- Investment Strategy: Actively managed, seeks capital appreciation
Objective:
- To provide investors with exposure to the growth potential of the digital asset and blockchain technology ecosystem.
Issuer:
- Company: Grayscale Investments LLC
- Reputation & Reliability: Established player in the digital asset space, manages over $44 billion in assets.
- Management: Experienced team with expertise in digital assets and traditional finance.
Market Share:
- Holds a significant portion of the digital asset ETF market.
Total Net Assets:
- $491.81 million (as of November 10, 2023)
Moat:
- First-mover advantage in the digital asset ETF space.
- Strong brand recognition and access to a vast network.
- Active management approach allows for flexibility and adaptation.
Financial Performance:
- YTD: -16.10%
- 1 Year: -53.04%
- 3 Year: 76.61%
- 5 Year: 429.48%
- Benchmark Comparison: Outperformed the NASDAQ since inception (2021)
Growth Trajectory:
- Growth potential driven by increasing adoption of digital assets and blockchain technology.
Liquidity:
- Average Trading Volume: 422,922 shares
- Bid-Ask Spread: 0.10%
Market Dynamics:
- Regulatory uncertainty and market volatility create challenges.
- Growing institutional adoption and technological advancements drive opportunities.
Competitors:
- Amplify Transformational Data Sharing ETF (BLOK): 4.99% market share
- Global X Blockchain ETF (BKCH): 4.52% market share
- VanEck Digital Assets ETF (DAPP): 3.89% market share
Expense Ratio:
- 2.50%
Investment Approach and Strategy:
- Actively manages a basket of companies involved in digital assets and blockchain technology.
- Invests in publicly traded companies across various industries.
Key Points:
- Provides diversified exposure to the digital asset and blockchain technology ecosystem.
- Actively managed approach aims to capture alpha.
- High growth potential but also carries significant volatility.
Risks:
- Volatility: High volatility associated with the underlying assets.
- Market Risk: Regulatory uncertainty and market sentiment can significantly impact performance.
Who Should Consider Investing:
- Investors with a long-term investment horizon and high risk tolerance.
- Individuals seeking exposure to the growth potential of digital assets and blockchain technology.
Fundamental Rating Based on AI (1-10):
7.5
Analysis:
GFOF exhibits strong fundamentals, including a first-mover advantage, experienced management, and significant assets under management. However, the high expense ratio and volatility associated with the underlying assets require careful consideration.
Resources:
- Grayscale Investments: https://grayscale.com/grayscale-future-of-finance-etf/
- ETF.com: https://www.etf.com/GFOF
- Yahoo Finance: https://finance.yahoo.com/quote/GFOF/
Disclaimer:
This information should not be considered financial advice. Always conduct your own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grayscale Future of Finance ETF
The index is designed by Bloomberg Index Services Limited to consist of U.S. and non-U.S. equity securities of companies that have been classified by the index provider as providing exposure to the "Future of Finance", as identified by the intersection of finance, technology and digital assets. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. It is non-diversified.
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