One of the largest asset management companies in crypto has a new ambition: quantum computing.

What’s happening:

  • Asset management company Grayscale has officially filed for approval with the United States Securities and Exchange Commission to launch a new ETF focused on quantum computing companies

Why it matters:‍

  • Grayscale is one of the most dominant ETF companies in America focused on digital assets and currently has more than $10B USD in assets under management

Going deeper:‍

  • This is the first time ever that Grayscale has ventured into launching an ETF focused on providing exposure to publicly traded quantum computing companies
  • Grayscale’s filings with the United States Securities and Exchange Commission publicly state that they will invest into companies focused on both quantum computing hardware and software

The intrigue:‍

  • Grayscale has only ever launched one ETF on a major stock exchange that was not related to digital assets which is the Grayscale Future of Finance ETF, which is comprised largely of financial technology companies including PayPal (NASDAQ: PYPL), Block (NYSE: XYZ), Robinhood (NASDAQ: HOOD) and others