Grayscale Positions Itself for Bitcoin ETF Race with Hire of Former Invesco Head John Hoffman

cryptonews.com:

Crypto asset manager Grayscale has appointed John Hoffman, former Head of Americas at Invesco, to lead its distribution and partnerships team.

On December 1, Grayscale announced the hiring of John, who has experience with ETFs and index strategies at Invesco. Hoffman, an ETF veteran, brings over 17 years of experience from Invesco, where he played various roles, including leading the Americas, ETF, and indexed strategies teams.

During his time at Invesco, Hoffman held various roles, including director of ETF institutional sales and capital markets. Grayscale’s Global Head of ETFs, Dave LaValle, expressed excitement about Hoffman joining as Managing Director, emphasizing his wealth of industry and ETF expertise.

Dave LaValle said in a statement,

“The Grayscale team is thrilled to have John Hoffman join us as managing director and head of distribution and strategic partnerships. John has a wealth of industry and ETF expertise, which will be invaluable to our team and clients, especially during this exciting time at Grayscale.”

Invesco, a prominent ETF issuer in the United States, is grappling with another significant departure as Anna Paglia, the global head of ETFs, indexed strategies, separately managed accounts, and models, leaves to join State Street Global Advisors. On November 27, State Street Global Advisors officially announced Paglia’s appointment as executive vice president and chief business officer, effective early next year.

In response to Paglia’s departure, Invesco’s spokeswoman stated that Brian Hartigan, the global head of investments, ETFs, and indexed strategies, will temporarily take on Paglia’s responsibilities. Simultaneously, the firm is actively searching for a permanent replacement for her role.

Invesco,