Grayscale Investments Taps Diana Zhang as COO

Top asset management firm Grayscale Investment has appointed Diana Zhang as its Chief Operations Officer (COO). With vast asset management experience and expertise, Zhang’s presence has the potential to set the firm on a growth trajectory supported by the improved atmosphere in the crypto sector. 

Zhang Recognizes Peculiar Season in Crypto Space

Zhang’s appointment as the COO of the crypto-focused asset management platform becomes effective Tuesday, May 6. 

She would replace Hugh Ross, who served in the same position for four years. Grayscale CEO Peter Mintzberg will oversee her activities, which include spearheading additional partnerships with the firm’s clients.

According to a Grayscale release, She is also expected to help grow the company’s brand, which has recently been involved in many Exchange Traded Fund (ETF) talks. Zhang is excited about working in the crypto sector, especially with Grayscale. 

“This is an exciting time for the crypto asset management industry, and Grayscale is well-positioned for continued success,” Zhang said. 

“I look forward to working with the talented team to drive innovation, deliver exceptional value to our clients, and set the standard for excellence and pioneering leadership in the market,” she added.

Zhang Brings a Combination of Experience to Grayscale 

Before coming to Grayscale, Zhang had served in similar capacities in different firms. For two years, she was the COO of BlockTower Capital, a digital asset-focused investment firm. A look through her LinkedIn profile suggests that she also worked at asset management firm Bridgewater Associates for another sixteen years. While there, Zhang held multiple executive roles. 

Mintzberg described her as a “rare talent,” citing that she brings relevant experience, a track record, and a vision to Grayscale from some of the leading asset management and investing firms that she has worked with. Quite a number of her past workplaces specialized in cryptocurrency and blockchain-related assets.

Grayscale Files For Spot Solana ETF 

Apart from hiring Zhang, Grayscale has been busy with other engagements. A few days ago, it announced its official proposal to launch a Solana ETF. This submission to the United States Securities and Exchange Commission (SEC) highlights the spot ETF issuers’ recognition of growing demand amongst investors for such financial offerings.

It also puts Solana in the spotlight, seeing as more traditional finance firms intend to enter the altcoin ETF space. Some firms, like Fidelity Investments, have equally filed for a spot SOL ETF with the SEC.

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