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Grayscale Is Looking For ETF specialists That show The Firm’s Intention To Launch Cryptocurrencies ETFs

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Crypto-asset management company Grayscale has posted nine vacancies to develop its ETF business. This indicates the firm’s intention to launch exchange-traded funds for cryptocurrencies.

Grayscale tweeted a link to the company’s job openings page indicating that the firm is looking for ETF talent. Grayscale has never previously announced its intention to launch an ETF on Bitcoin or other cryptocurrencies and has not submitted relevant applications to the US Securities and Exchange Commission (SEC).

Grayscale is looking for an ETF Creation and Redemption Specialist who will be responsible for managing the pricing sources with an understanding of “how to create a basket of digital assets for inclusion in ETFs”. Another vacancy is for the ETF Market Maker Manager who will be tasked with developing new relationships with market makers while maintaining the existing ETFs for the channel.

Applicants for this position require experience with FINRA, SEC, NYSE, NYSE ARCA, CBOE, and other securities exchanges, either directly or in collaboration with the Compliance and Legal Department. Existing Grayscale Trusts are not traded on the NYSE/CBOE platforms, but are sold by investors in OTC markets.

Industry experts believe the Bitcoin ETF, which the SEC has repeatedly rejected applications for, could finally launch in the US this year. As a reminder, the first Bitcoin ETF was launched in Canada in February 2021.

Earlier, JPMorgan analysts warned that if US regulators approve the launch of exchange-traded funds for Bitcoin, this could lead to an outflow of funds from the Grayscale GBTC trust and negatively affect the rate of the BTC.

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Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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