Grayscale hires former Invesco ETF executive as managing director, possibly to prepare for the launch of a spot Bitcoin ETF

ChainCatcher news, according to CNBC, the SEC met with Grayscale this Thursday to discuss the potential conversion of the Grayscale Bitcoin Trust into an ETF, as stated in a memo released this week. SEC officials also met with representatives from BlackRock.

In addition, Grayscale recently hired John Hoffman, who has long served as an executive at Invesco ETF, as Managing Director. Hoffman will serve as the head of distribution and strategic partnerships at Grayscale, indicating that the crypto asset management company is preparing to launch the fund upon receiving approval.