Analyst, ETF Capital Markets

Grayscale is seeking a driven, detail-oriented, and market-savvy Analyst, ETF Capital Markets to support trading and capital markets functions within Grayscale’s growing ETF business.

Requirements

• Support daily ETF trading operations including creation/redemption orders, NAV analysis, and flow reconciliation.
• Assist in managing relationships and communications with APs, market makers, exchanges, crypto liquidity providers, and custodians.
• Monitor secondary market activity and identify dislocations, spreads, or enhancements to trading efficiency.
• Track and report ETF primary and secondary market metrics including volume, liquidity, spreads, and flows.
• Build and maintain models to analyze ETF performance, liquidity, and market making trends.
• Provide coverage during core trading hours to ensure responsiveness to trade inquiries and operational continuity.
• Partner with internal stakeholders across Operations, Product, Compliance, and Sales to resolve trade and settlement issues.
• Conduct market surveillance and summarize competitor ETF activity, pricing, and liquidity.
• Support the build-out of Grayscale’s ETF capital markets infrastructure and processes, including trade flow automation and data tracking systems.