Crypto asset manager Grayscale hired John Hoffman to be its managing director and head of distribution and partnerships. 

Hoffman spent the past several years at Invesco, where he most recently headed up the firm’s ETFs and Indexed Strategies division in the Americas. 

Hoffman joins the firm as some speculate that resolution in Grayscale’s yearslong attempt to offer a spot bitcoin ETF could come soon after the new year. 

Grayscale is one of several firms promising to offer a spot bitcoin ETF pending regulatory approval but is uniquely positioned in that its Grayscale Bitcoin Trust already holds $23 million assets under management.

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