Grayscale ETF Head David LaValle to Exit as Firm Eyes IPO: Report

Description

David LaValle, the global head of ETFs at Grayscale Investments, is set to leave the crypto asset manager at the end of July, Unchained reported , citing people familiar with the matter. LaValle joined Grayscale in July 2021 as the firm was grappling with investor dissatisfaction over the widening discount of its flagship Bitcoin Trust (GBTC). At the time, the trust held around $25 billion, making company the largest crypto asset manager. Its price lagged far behind the value of the bitcoin it h...