Grayscale Hiring ETF Experts; Is a Bitcoin ETF Incoming?

Grayscale Investments, the top asset management subsidiary of the Digital Currency Group (DCG) has put out a job advert as it seeks to onboard a Senior ETF Associate.

Intrigues Behind the Grayscale ETF Job Advert

The proactive step from Grayscale is quite shocking to analysts and stakeholders in the digital currency ecosystem considering the complexities surrounding the subject its spot Bitcoin ETF conversion request which is yet to be approved in the United States.

Riding on this delay, Grayscale itself is at the forefront of this complexity as we are almost at the tail end of its legal battle with the US SEC. Grayscale sued SEC  last year for refusing its application to convert the Grayscale Bitcoin Trust (GBTC) product to a full-fledged Bitcoin ETF. 

The SEC has handled numerous ETF applications in almost the same way. Still, with the recent turn of events bordering on the evolution of the broader industry, firms like Grayscale are now optimistic that a spot Bitcoin ETF approval is a matter of when not if. Industry experts have always projected a win for Grayscale because of the soundness of its arguments and the experienced legal team featuring Donald B Verrilli.

The advert for a Senior ETF Associate underscores the confidence of the firm to win the case against the SEC, a move that will pave the way for it to finally list the much-disputed product.

Details of the Job

According to Grayscale, it wants to onboard an expert with at least 5 years of experience in an ETF issuer, asset manager, or ETF trading role. This professional will play a vital role in supporting Grayscale’s ETF team to build out all aspects of the ETF business, including investments, capital markets, product strategy, operations, and marketing.

Since its spot Bitcoin ETF pursuit is relatively new terrain for Grayscale, the firm said it will require help developing product ideas while also working with its compliance and Legal teams to ensure product development lifecycle plans are in compliance with applicable processes, procedures, laws, rules, and regulations.

The headwinds ahead for Grayscale are innumerable even if it wins the lawsuit against the SEC. With the regulator’s craving for regulatory compliance, the possibility of Appeal is high as showcased by its move in the Ripple case.