The US Securities and Exchange Commission (SEC) has at least a dozen applications for a Bitcoin trading fund [ETF].

But she has not agreed to any of them so far.

Although the crypto industry has reacted positively to SEC Chairman Gary Gensler’s comment that it is a question of when the ETF will be approved rather than whether or not it will be approved, there is still no known timeline.

The misfortunes of the people seem to come in handy as Grayscale has taken advantage of the SEC’s delay in approving the Bitcoin ETF, as hung Global Head of Grayscale ETFs Saying:

Our ability to focus on our well-positioned organization and implement our comprehensive ETF business building strategy increases.

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Grayscale is the world’s largest crypto-asset manager with a $25 billion bitcoin trust fund.

The company recently appointed Dave LaVale as Global Head of ETFs, a newly created position as part of its approach to reasserting transparency, responsible growth, and transforming its product portfolio into ETFs.

As the SEC takes time to study and approve ETFs, Grayscale was already positioning itself as the next generation asset manager and taking advantage of the lack of competition.

Laval pointed out about this by saying:

We think exposure to cryptocurrency is only one aspect, but the way we envision marketing and product support are all aspects of the way we think we’ll be able to do it differently going forward.

The CEO has hinted that Grayscale will look at packaged products and different asset classes.

This means that Grayscale will explore stock-based products for its clients, seeing that ETFs are not the only thing.

Laval explained this by saying:

We certainly focus on cryptocurrencies, but that doesn’t stop us from exploring other products like stock-based.

“Grayscale” was one of the frontrunners in the Bitcoin ETF race.

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But the competition was tough.

However, the publicly traded company already adheres to financial standards and is self-regulatory, something regulators will find positive.

Mr. Craig Salem, Vice President of Grayscale, commented:

I think our companies are doing what they can to make these products transparent to investors.

According to the head of the SEC, the crypto market lacks provisions to protect investors.

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