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tldr; The Grayscale Privacy ETF (PRVC) is designed to track the performance of the Indxx Privacy Index, focusing on companies involved in data security, privacy, cybersecurity, blockchain technology, AI, and edge computing solutions. The ETF aims to invest at least 80% of its assets in the securities of the index constituents and is non-diversified. It was launched with an initial NAV of 25 USD and has shown a performance increase of 1.03% since inception, with a high of 100.90% over the past year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Grayscale Investments has filed with the SEC to launch a new ETF, the Grayscale Privacy ETF (PRVC), which will focus on data privacy companies and protocols, including blockchain-based solutions like Zcash (ZEC). The ETF will invest at least 80% of its assets in these areas, tracking the Indxx Data Privacy Index, and will allocate about 10% to privacy-focused protocols through Grayscale’s Trust for Zcash. The ETF aims to select companies based on their revenue from data privacy, prioritizing those adhering to regulations like GDPR and CCPA. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.