ETF Issuer Partly Owned by Grayscale Changes $BTC Ticker Back to $PIFI
The ETF issuer raised eyebrows last month when it switched its ticker symbol to $BTC after an investment from digital asset manager Grayscale.
May 7, 2021 at 2:47 p.m. UTCUpdated Aug 19, 2021 at 9:15 a.m. UTC
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Exchange-traded fund (ETF) issuer ClearShares has changed one of its ETF ticker symbols from $BTC back to its original symbol, $PIFI.
Last month, the issuer changed the ticker symbol to $BTC at the same time that Grayscale, the world’s largest digital asset manager, took an equity stake in the company. Grayscale is a subsidiary of Digital Currency Group, CoinDesk’s parent company.
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Neither ClearShares nor Grayscale would comment on whether the ticker conversion was part of a future bitcoin ETF, but Grayscale did say that its ownership stake in ClearShares was part of its “long-term commitment to bring digital currency ETFs to market.”
Grayscale has previously listed a number of job openings for ETF specialists.
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