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, 2:47 PM

Updated Aug 19, 2021, 9:15 AM

Election 2024 coverage presented by

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.

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Nate DiCamillo

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about