Crypto asset manager Grayscale recently announced the hiring of John Hoffman, who comes to the firm from Invesco, as the managing director and head of distribution and partnerships. Grayscale is among a few firms looking to offer a spot bitcoin ETF pending regulatory approval. The traditional hire is in alignment with the rest of the firm as its CEO, Michael Sonnenshein, and David LaValle, its global head of ETFs, have both had lengthy resumes in the financial sector. Hoffman expressed his interest in innovation and wanting to buy bitcoin since 2013. Meanwhile, Argo Blockchain appoints Thomas Chippas CEO whose experience is in finacial firms including CBOE Digital, Citadel Technology, Citigroup, Barclays; Caroline Friedman, ex-chief of staff of a16z Crypto, left her post to become the COO of Bastion which eases the process for businesses to access crypto custody and trading.

The cryptocurrency industry is seeing rise in approved professional hires in preparation for the increasing demand of digital assets. With the influx of such finance-industry experienced execultives, 2020 may be the defining year of the crypto market as these individuals will help foster a more stable and trusting market for all.



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