Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<div class="cryptonews">
 <p class="is-style-lead">GBTC’s issuer added an ETF veteran to its ranks following constructive talks with the Securities and Exchange Commission over approval for spot Bitcoin funds.</p>
 <p>Digital asset giant Grayscale Investments has hired John Hoffman, a former high-ranking executive at Invesco, to aid its efforts toward bringing America’s first spot Bitcoin (BTC) ETF to market amid growing interest in the world’s top cryptocurrency.&nbsp;</p>
 <p>Hoffman was onboarded as Grayscale’s managing director, head of distribution and partnerships, a strategic role pivotal to growing financial products.&nbsp; He arrived at the firm with nearly two decades’ worth of experience including leading ETFs and Indexed Strategies decisions at Invesco Ltd from 2020 to 2023.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN: Grayscale is preparing for its #Bitcoin ETF launch with the hiring of Invesco ETF executive as the managing director to head distribution and strategic partnerships.<br><br>It's all set for pic.twitter.com/9lIN5bfvB8</p>— Bitcoin Archive (@BTC_Archive) December 1, 2023
   </blockquote>
  </div>
 </figure>
 <p>The Grayscale addition coincided with a period of considerable anticipation for the U.S. Securities and Exchange Commission (SEC) to approve 13 spot Bitcoin ETF filings from issuers like BlackRock, Bitwise, VanEck, WisdomTree, Fidelity, Valkyrie, Global X, Hashdex and Franklin Templeton.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Grayscale updates GBTC agreement for first time since 2018
 </div>
 <p>Invesco also submitted its bid for a BTC ETF tied to the asset’s spot price in a joint filing with Galaxy Digital, a firm founded by crypto proponent Mike Novogratz in 2018 when Bitcoin traded below $10,000.</p>
 <p>Grayscale’s hire follows dialogue with the SEC after which the company filed an amendment to its Bitcoin ETF bid. The firm attempted to convert its Grayscale Bitcoin Trust (GBTC) into a spot ETF, crypto.news reported.</p>
 <p>Despite securing a court ruling mandating the SEC to review its applications, experts surmised that America’s securities watchdog may still refuse Grayscale’s filing.</p>
 <p>Michael Sonneshein, CEO of Grayscale, said the SEC had not disclosed a timeline for approval while industry-wide speculation highlighted January 2024 as the most likely period for concrete decisions on spot Bitcoin ETFs.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Okay the window for <a rel="noopener noreferrer nofollow" title="potential" href="https://thebittimes.com/tag/potential.html">potential</a> spot #Bitcoin ETF approval is looking like its gonna be between Jan 5 &amp; Jan 10 2024. I spoke with @thomasg_grizzle &amp; @ScottW_Grizzle this morning and nailed this call. https://t.co/sOU950QlXj pic.twitter.com/y9JYdEpjNH</p>— James Seyffart (@JSeyff) November 30, 2023
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin ETF desire narrows Grayscale GBTC discount to 8%
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-poaches-invesco-exec-ahead-of-potential-bitcoin-etf-tbt72333.html">https://thebittimes.com/grayscale-poaches-invesco-exec-ahead-of-potential-bitcoin-etf-tbt72333.html</a></p>

Grayscale poaches Invesco exec ahead of potential Bitcoin ETF

TheBitTimes

Other articles published on Dec 1, 2023

Traders In 2023 Choosing Slayboy Token Over Polygon & Polkadot; The Sad Polkadot Price Prediction...

Ripple Releases 1 Billion XRP From Escrow Reserve

FTX and Alameda Research Move $10.8 Million Worth of Cryptocurrencies

Robert Kiyosaki, Why Does He Recommend Bitcoin in the Event of a Potential Market Collapse?

Revival of DeFi and NFTs Could Take More Time – JPMorgan

Shiba Inu (SHIB) Forms Golden Cross Signal: Details

Join our free newsletter for daily crypto updates!