Grayscale Investments is recruiting for the ETF team ahead of its ongoing lawsuit against the SEC.
Grayscale Investments, which has filed a spot Bitcoin ETF, is trying to turn the tide in its lawsuit against the SEC with hiring. The company is recruiting on the pre-litigation ETF team.
Hiring at Grayscale before SEC lawsuit
Grayscale Investments has sent a positive signal ahead of an upcoming decision by recruiting for the ETF team ahead of an ongoing lawsuit against the Securities and Exchange Commission (SEC). The crypto asset manager announced that it is seeking “highly skilled, analytical and proactive Senior Partner, ETFs” to develop its ETF business.
The company announced that this role will be involved in the process of creating an ETF issuer and will collaborate with internal stakeholders and external business partners.
Last year, Grayscale Investments filed a lawsuit after the SEC rejected an offer to convert its flagship fund GBTC into a spot Bitcoin ETF. The outcome of this case is expected in the near future. This result may affect the review process of applications made by other asset managers for spot bitcoin funds.
A possible win for Grayscale is considered a positive sign in the crypto industry, while a loss could signal that spot funds will continue to face regulatory challenges. This could be an indication of how regulations in the cryptocurrency and blockchain space are having an impact on the industry.
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