Grayscale Investments, the digital currency asset manager, has hired a global head of exchange-traded funds even though the US Securities and Exchange Commission has not approved a Bitcoin ETF.

The firm said in a statement that it has hired David LaValle as senior managing director, global head of ETFs, reporting directly to Michael Sonnenshein, chief executive of Grayscale.

Sonnenshein said in a statement that Grayscale is 100% committed to converting its investment products, including Grayscale Bitcoin Trust (GBTC), into ETFs,

“Dave will accelerate Grayscale’s ability to realize our commitment to ETFs, and I couldn’t be more excited to welcome him to the Grayscale team, and the digital asset ecosystem, more broadly,”…

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