Grayscale ETF Global Head David LaValle departs, company prospects under scrutiny

According to Unchained, David LaValle, Global Head of ETFs at crypto asset management firm Grayscale, will be leaving at the end of July, just weeks after the company secretly filed for an IPO on July 14. LaValle joined in 2021 and led the key behind-the-scenes work of GBTC's conversion to an ETF. Currently, Grayscale is facing pressure from frequent leadership changes and shrinking assets under management, and its core product charges higher fees than its competitors. Against this backdrop, whether its upcoming IPO can tell a "growth story" that is attractive enough to investors remains to be tested by the market. [ChainCatcher]