Crypto Platform Bullish (BLSH)The parent company in Coindesk said on Tuesday that it has appointed David Lavalle, a long-standing figure in the exchange-traded fund industry, President of Coindesk indexes and data.
Lavalle joins Grayscale Investments, where he spent four years as a global leader of ETFs. He was hired in 2021 and was instrumental in the effort to transfer Grayscale Bitcoin Trust (GBTC) Into a Spot Bitcoin Etf, working with authorized participants and launch partners.
That product, once the largest bitcoin Investment vehicle in the world successfully converted in January 2024 following a landmark Court of Justice against the US Securities and Exchange Commission.
Read more: Grayscale -requirements that bragge rights to first place Bitcoin Etf to start trading
Before Grayscale, Lavalle served as CEO of Vettafi, a global index and analysis company. His career also includes senior roles on the State Street Global Advisors and Nasdaq, where he helped build the exchange -traded product market.
Lavalle led Nasdaq’s ETP Market Square when Winklevoss Brothers first tried to have a Bitcoin confidence listed as ETF over ten years ago, in 2014.
“Dave is a long -time friend and business union. I have seen him lead, build and innovate at great institutions throughout his career,” said Bullish CEO Tom Farley. “His expertise in both listed products and index companies is unparalleled.”
Coindesk indexes have become one of the leading providers of digital active benchmarks, with more than $ 40 billion in assets that track its products. Its most followed targets include Coindesk Bitcoin Price Index (XBX)A reference rate used by exchanges and funds, and Coindesk 20 -Index There are the largest digital assets at market value and trading volume.
“Coindesk has long been a trusted name in Digital Asset Information Services, and I look forward to building on its strong foundation for providing institutional quality data and index solutions to asset leaders and institutions globally,” Lavalle said in a statement.
For Bullish, who acquired Coindesk by the end of 2023 and was recently released on the New York Stock Exchange, Hire emphasizes his push to expand the index and data company at a time when institutional investors are looking for reliable pricing brands. As crypto markets mature, index products play a critical role in the design of funds, derivatives and structured products tied to digital assets.
Lavalle’s experience, which spans traditional funding and crypto, could help the Coindesk indexes place themselves as a bridge between the two as the industry moves beyond a single-token exposure to multi-token products.
