<p>Grayscale Investments, the world’s largest crypto asset manager, and Bloomberg have partnered to launch a new digital assets-based index.</p> <p>Dubbed the Bloomberg Grayscale Future of Finance Index (BGFOF), it tracks 22 companies associated with several crypto-linked equities as well other firms in the broader fintech space, according to a press statement released Wednesday.</p> <p>The index will, however, not directly invest in digital assets or their derivatives but will offer indirect exposure to crypto-linked equities. These crypto-linked equities will be rebalanced on a quarterly basis and cover market segments like exchanges, asset management, mining, and blockchain technology, among others.</p> <p>According to the release, the basket of companies tracked by BGFOF represent firms that will play a pivotal role in the revenue growth of the emerging digital economy.</p> <p>While the filing document does not list the companies tracked by the index, BGFOF consists of both U.S. and non-U.S. digital asset-based securities.</p> <p>Grayscale's Future of Finance index now joins a field of similar products tracking crypto-linked equities. Valkyrie's <a href="https://www.theblockcrypto.com/linked/127856/valkyrie-launches-innovative-balance-sheet-etf">innovative balance sheet ETF</a> and Bitwise's <a href="https://www.theblockcrypto.com/linked/127808/bitwise-launches-nft-tracking-index-fund-for-accredited-investors">NFT-tracking index fund</a> both launched in late 2021.</p> <p>Grayscale’s BGFOF is part of a larger exchange-traded fund (ETF) strategy that includes <a href="https://www.theblockcrypto.com/linked/121175/grayscale-starts-the-clock-on-sec-decision-to-convert-gbtc-to-an-etf">plans to convert</a> its flagship Bitcoin Trust to a bitcoin ETF.</p> <p>The United States Securities and Exchange Commission (SEC), however, <a href="https://www.theblockcrypto.com/linked/127912/sec-punts-on-bitwise-and-grayscale-bitcoin-etf-proposals">delayed its decision</a> on the Grayscale bitcoin ETF in December 2021.</p>