Grayscale poaches Invesco exec ahead of potential Bitcoin ETF
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. 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. Hoffman was onboarded as Grayscale’s managing director, head of distribution and partnerships, a strategic role pivotal to growing financial products. 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. 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. It's all set for pic.twitter.com/9lIN5bfvB8 — Bitcoin Archive (@BTC_Archive...