Grayscale Investments, the U.S. agency behind the biggest Bitcoin belief, is planning to launch a cryptocurrency change traded fund (ETF).
Grayscale, which calls itself a “digital-asset administration agency,” has posted a minimum of 9 ETF-related job positions on LinkedIn, signaling that the agency is anticipating a inexperienced gentle from the U.S. Securities and Trade Fee (SEC) for a cryptocurrency ETF.
Thus far, American securities regulators haven’t accredited any cryptocurrency ETFs. Three ETFs that observe the worth of Bitcoin have launched in Canada up to now month, and an Ethereum ETF is at present beneath evaluation by Canadian regulators.
U.S. regulators are at present contemplating a number of filings for a Bitcoin ETF, together with ones from VanEck Associates Corp. and Bitwise Asset Administration, though the worth swings frequent in cryptocurrencies and allegations of manipulation have derailed comparable efforts up to now.
Though Grayscale has filed to create a cryptocurrency ETF up to now, the agency doesn’t at present have an energetic submitting with the SEC for a Bitcoin or crypto-related ETF. However the agency may roll its $35 billion U.S. Bitcoin Belief into an ETF.
The Grayscale job postings listed on LinkedIn embrace an ETF market maker relationship supervisor, ETF finance reporting supervisor, ETF finance assist supervisor, ETF creation and redemption specialist, ETF licensed participant relationship supervisor, ETF product growth specialist, a compliance officer and two gross sales director positions.