MutualFundWire.com: LaValle Preps a Stablecoin-Focused ETF

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Monday, July 21, 2025

LaValle Preps a Stablecoin-Focused ETF

The team at a cryptocurrency-focused asset manager near New York City is preparing to roll out another exchange-traded fund, this time with a focus on stablecoins.

David Vincent "Dave" LaValle
Grayscale Investments, LLC
Global Head of ETFs

Today, the folks at Grayscale [profile[ filed to launch the Grayscale Stablecoin Ecosystem ETF on the NYSE Arca, Inc.. Stamford, Connecticut-based Grayscale Advisors, LLC will serve as the planned ETF's investment advisor, and Alpharetta, Georgia-based Vident Asset Management [profile] will serve as subadvisor.

The filing does not reveal when in 2025 Grayscale plans to debut the new ETF. Nor does the filing reveal the ETF's planned ticker or expense ratio. And the filing does not identify what firm will serve as the ETF's independent accounting firm.

The Grayscale Stablecoin Ecosystem ETF will be designed to track the VettaFi ROBO Stablecoin Ecosystem Index. VettaFi LLC will serve as index provider.

The planned ETF's PM team will include three Vident folks:

Yin Bhuyan, portfolio manager;

Austin Wen, senior PM; and

Rafael Zayas, senior vice president and head of portfolio management and trading.

The Grayscale Stablecoin Ecosystem ETF will be a non-diversified series of Grayscale Funds Trust. The planned ETF's other service providers will include:

ACA's Foreside Fund Services, LLC as distributor;

Stradley Ronon Stevens & Young LLP as counsel;

U.S. Bancorp Fund Services (dba U.S. Bank Global Fund Services, LLC) as administrator, index receipt agent, and transfer agent; and

U.S. Bank National Association as custodian.