Grayscale Investments which is the largest Bitcoin Trust has announced that they have posted at least 9 job offerings.
The race to becoming the first cryptocurrency ETF is not far off for Grayscale as they eagerly wait for the SEC to give Grayscale the green light.
An ETF is similar to an exchange traded product/investment fund that are traded on stock exchanges. However, ETF’s are purchased and sold throughout the day, whereas regular mutual funds are traded based on the price at the end of the day.
Grayscale have posted these 9 ETF related job vacancies on LinkedIn. The director of ETF research for CFRA Research said:
Several other Bitcoin ETF’s are also being considered by the U.S. regulators. A couple of other Bitcoin ETF’s currently being reviewed are VanEck Associates Corp and Bitwise Asset Management. The race is on and once the first Bitcoin ETF is approved by the securities then they will have an edge over their competition.
Even though the Bitcoin trust Grayscale have filed to become the first cryptocurrency in the past, the crypto firm doesn’t have have a current filing with the SEC, Grayscale could still roll their £25 billion Bitcoin Trust in to one.
When an ETF team is being developed, it’s normally in preparation to enter the market which is a bullish signal.
The current job vacancies are the following:
- ETF market maker relationship manager
- ETF finance reporting manager
- ETF finance support manager
- ETF creation and redemption specialist
- ETF authorized participant relationship manager
- ETF product development specialist
- Compliance officer
- 2 x Sales directors
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