GFOF vs. FDNI ETF Comparison

Comparison of Grayscale Future of Finance ETF (GFOF) to First Trust Dow Jones International Internet ETF (FDNI)

GFOF

Grayscale Future of Finance ETF

GFOF Description

Grayscale Future of Finance ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Grayscale Advisors, LLC and Vident Investment Advisory, LLC. It It invests in the public equity markets across the globe. The fund seeks to invest in securities of companies operating in the enabling of buying, selling, and transacting in digital assets, the development of the infrastructure to create applications utilizing blockchain technology, the supply of infrastructure around the digital asset ecosystem, and the mining of digital assets. The fund invests in growth and value stocks of companies across all market capitalizations. The fund seeks to track the performance of the Bloomberg Grayscale Future of Finance Index, by using full replication technique. Grayscale Future of Finance ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$16.04

Average Daily Volume

4,732

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDNI

First Trust Dow Jones International Internet ETF

FDNI Description

The investment seeks the results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Dow Jones International Internet Index (the “index”). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is developed, maintained and sponsored by S&P Dow Jones Indices LLC and is designed to measure the performance of securities of non-U.S. issuers whose primary business focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.86

Average Daily Volume

4,142

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GFOF	FDNI
30 Days	-7.90%	7.22%
60 Days	-8.83%	12.29%
90 Days	16.13%	16.29%
12 Months	54.13%	9.95%

0 Overlapping Holdings

	Symbol	Grade	Weight in GFOF	Weight in FDNI	Overlap

GFOF Overweight 13 Positions Relative to FDNI

Symbol	Grade	Weight
PYPL	B	8.24%
MARA	D	7.89%
HOOD	C	7.61%
COIN	D	7.39%
SQ	D	7.37%
IREN	F	4.56%
CLSK	C	4.53%
WULF	C	4.14%
RIOT	F	4.09%
CIFR	B	3.26%
APLD	F	2.46%
CAN	F	2.24%
BTBT	F	1.79%

GFOF Underweight 14 Positions Relative to FDNI

Symbol	Grade	Weight
BABA	B	-9.73%
PDD	B	-8.83%
SHOP	D	-8.66%
SPOT	B	-4.23%
FLUT	D	-3.35%
BIDU	C	-2.88%
CPNG	A	-2.68%
SE	B	-2.2%
XRX	F	-1.12%
TME	A	-0.81%
WIX	D	-0.7%
BZ	A	-0.67%
VIPS	D	-0.43%
YNDX	C	-0.0%