Grayscale Looking to Recruit Crypto ETF Team, Says the U.S. Will Quickly Follow Canada’s Footsteps

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Canada has launched three bitcoin-based exchange-traded funds (ETFs) within the last few weeks, and the United States appears to think that its day in the crypto ETF spotlight is pretty near. So much, in particular, that Grayscale Investments – one of America’s leading crypto-investing companies – is now recruiting an ETF team for the coming years.

Grayscale Is Looking to Hire for Its New ETF Divison

Crypto-based ETF has been the envy of many people interested in digital currency space over the last few years. Many companies – like Bitwise and Van Eck – have tried hard to get the consent of the Securities and Exchange Commission (SEC) to unveil America’s first bitcoin ETF. All of them came reasonably close only to be gunned down in the end.

It’s been frustrating for many corporate leaders, so it’s perhaps even more disappointing that America’s North-Canada neighbour has beaten it. In the past few weeks, the nation has launched three Bitcoin ETFs along with the world’s first Ethereum-based ETF, marking Canada as a major area for digital currency innovation and change.

The U.S., of course, feels the sun and doesn’t want to be left behind. Grayscale then makes a bold leap and seeks to recruit as many as nine different individuals to serve in the company’s crypto ETF department. All positions are actually being advertised on LinkedIn, and the company is getting pretty serious given that it has no clearance yet.

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Todd Rosenbluth, Director of ETF Research for CFRA Research, explained in a recent interview:

“The race to launch the first bitcoin ETF is heating up. It’s more of a question on when the SEC will approve a bitcoin ETF, not if… First-mover advantage in the ETF space is tremendous, particularly when the underlying assets overlap. Whichever comes out of the gate first will have a leg up.”

Few Details, but the Day Is Likely Coming

Michael Sonneshein – Chief Executive Officer of Grayscale – refuses to provide detailed descriptions of the company’s activities and ETF plans, claiming:

“We’re not able to provide further detail aside from the fact that we are continuously exploring new opportunities, such as an ETF, in response to customer demand. We were the first to provide exposure to a digital asset through a regulated wrapper, and our goal is to ensure that we lead the market in whatever future product we bring forward as well.”

Either way, many experts and business leaders agree that the day of the U.S.-based bitcoin or crypto ETF is just around the corner, and Grayscale seems to be looking to get a head start. Right now, the key positions posted on LinkedIn include ETF Market Maker Partnership Manager, ETF Finance Reporting Manager, ETF Finance Support Manager and ETF Development and Redemption Specialist.

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