Bitwise Asset Management has hired ETF veteran John Hyland as the firm focuses aggressively on developing public vehicles for accessing crypto-assets around the world.
Hyland joins the firm as its new global head of exchange-traded products.
He was previously chief investment officer and leader of United States Commodity Funds, a multibillion-dollar ETF manager based in Oakland, California. Under Hyland’s leadership, United States Commodity Funds managed more than $7 billion in commodity exposure in an ETF wrapper.
Bitwise notes that exchange-traded products haven’t been possible in the cryptocurrency space so far in the U.S.
According to Hunter Horsley, CEO of Bitwise, Hyland — who has deep experience in working with regulators and partners to introduce first-of-a-kind ETFs — will lead the firm’s efforts on this front.