Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Who Will Take Over This IPOing, 12YO AM's ETF Biz? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 24, 2025

Who Will Take Over This IPOing, 12YO AM's ETF Biz?

News summary by MFWire's editors

The ETF business of a soon-to-IPO, 12-year-old, $43-billion-AUM, boutique asset manager may be under new leadership by the end of the month.

David Vincent "Dave" LaValle
Grayscale Investments, LLC
Global Head of ETFs
Dave LaValle, global head of ETFs at Grayscale Investments [profile], is leaving the Stamford, Connecticut-based firm at the end of July, reports Unchained's Steven Ehrlich in the publication's Bits + Bips newsletter, citing an unnamed source. Other publications picked up on the impending departure, too.

LaValle himself and a Grayscale spokesperson reportedly did not respond to Unchained's requests for comment.

The news of New York City-based LaValle's imminent exit comes about a week after the not-so-confidential, detail-light revelation that the Grayscale folks have a filed a draft S-1 and are thus preparing to IPO. The news also comes less than a year after a new CEO, Peter Mintzberg, took over Grayscale.

LaValle joined Grayscale in the summer of 2021, reporting directly to Mintzberg's predecessor. In 2022, LaValle and the Grayscale team debuted their first ETF. A 2023 Grayscale court victory cleared the way for Grayscale to convert its spot bitcoin and spot ether ETPs in 2024 as other firms launched similar funds. Grayscale has since suffered significant outflows as some investors shifted into lower cost spot crypocurrency ETPs offered by competitors, yet the massive recent rise in bitcoin has helped to mitigate the hit to Grayscale's AUM. (Grayscale's flagship GBTC still has about $21.6 billion in AUM*.)

Before coming to Grayscale four years ago, LaValla led index provider VettaFi as CEO. Earlier, he held ETP leadership roles with SSGA and the Nasdaq. He also worked with the NYSE, the Amex, Kellogg Group, LaBranche & Co., and Goin & Co. He is an alumnus of Georgetown University.

*As of yesterday, i.e. July 23, 2025. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Use of Derivatives by RICs, July 29
  2. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  3. Samfund Soiree Boston 2025, August 21
  4. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  5. ICI ETF Conference, Sep 8-10
  6. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  7. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  8. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  9. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  10. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  11. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  12. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  13. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  14. 10th annual Fuse Forum, October 8
  15. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  16. 2025 MMI Annual Conference, Oct 15-17
  17. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  18. MFDF In Focus webinar - Audit Committee Chair, November 5
  19. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13
  20. MFDF 2026 Directors' Institute, January 26 - 28, 2026
  21. MFDF 2026 Fund Governance & Regulatory Insights Conference, March 5 - 6, 2026




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use