Grayscale is hiring for ETF team as bitcoin decision looms

Quick Take

  • Grayscale Investments sent a strong signal ahead of an anticipated ruling in its ongoing lawsuit against the SEC, saying that it’s hiring for its ETF team. 

Grayscale Investments appeared to send an optimistic signal about an upcoming ruling in a widely watched lawsuit with the Securities and Exchange Commission that many expect could come as early as tomorrow, saying it's hiring for its ETF team.

The digital currency asset manager is seeking a "highly capable, analytical, and proactive Senior Associate, ETFs" to support the development of its ETF business. 

"This role will be on the ground floor of building an ETF issuer and will work across various internal stakeholders and external business partners including sub-advisors, market makers, compliance, sales, and custodians," the company said in a job posting

Lawsuit against SEC

The asset manager sued the SEC last year for rejecting its proposal to convert its flagship fund, GBTC, into a spot bitcoin ETF, and a decision from the court is imminent. The result will be widely watched, as it could affect the regulator's ongoing review process for a wave of recent filings from other asset managers for spot bitcoin funds.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

A win for Grayscale would be seen a positive sign for the sector, while a loss could signal that dreams for a spot fund will continue to face regulatory headwinds


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

TAGS
SEC

About Author

Nathan Crooks is the U.S managing editor at The Block, based in Miami. He was previously at Bloomberg News for 12 years, where he helmed coverage of South Florida after roles as a breaking news editor and bureau chief in Caracas, Venezuela. He's interviewed presidents, government ministers and CEOs, and, besides crypto, has covered major news events on the ground from earthquakes to hurricanes to the Chilean mine rescue in 2018. Nathan, a native of Clarion, Pennsylvania, holds a bachelor's degree from the University of Toronto, where he completed a specialist in political science, and an MBA from American University in Washington, D.C.

Editor

To contact the editor of this story:
Sarah Wynn at
[email protected]