Crypto asset management giant Grayscale has been approved to launch an ETF: Grayscale Future of Finance ETF (GFOF), which began trading on the New York Stock Exchange today. It is important to note that this ETF is not a Bitcoin ETF, but a crypto infrastructure ETF that bundles crypto-related publicly traded stocks (e.g. Coinbase, Robinhood, PayPal, etc.) and is therefore more similar to a traditional ETF , not the highly anticipated spot Bitcoin ETF. But Grayscale believes that as the crypto exchange-traded fund space continues to be explored, it is only a matter of time before a bitcoin ETF is approved.