David LaValle Appointed President of CoinDesk Indices

David LaValle, former Grayscale ETF head, has been appointed as the President of CoinDesk Indices by Bullish, focusing on strengthening institutional-grade data and benchmarks.

This leadership shift could impact Bitcoin ETF market dynamics significantly, enhancing institutional trust and influencing crypto market liquidity.

David LaValle’s Role in Crypto Market Evolution

David LaValle has been appointed by Bullish as President of CoinDesk Indices. He led Grayscale’s effort to convert the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. LaValle, a prominent figure in the ETF industry, now leads CoinDesk in managing over $40 billion in assets.

CoinDesk’s move to appoint LaValle aims to bolster its institutional-grade index solutions, responding to increased demand post-ETF approval. Institutional capital flows and increased liquidity mark immediate changes in the crypto market landscape.

Tom Farley, CEO, Bullish, remarked, “Dave is a longtime friend and business associate. I’ve watched him lead, build, and innovate at great institutions throughout his career. His expertise in both listed products and index businesses is second to none.” – CoinDesk

Industry response has been positive regarding LaValle’s appointment. Bullish CEO Tom Farley remarked that LaValle’s expertise is unrivaled. The market anticipates an expansion of crypto ETF products and benchmarks under LaValle’s leadership.

Institutional Strategies and Market Dynamics Post-ETF Success

Did you know? David LaValle’s leadership at Grayscale pivotal in achieving the GBTC-to-ETF conversion, setting a US market precedent for spot Bitcoin ETFs.

Bitcoin (BTC) holds a current price of $111,752.30, with a market cap of $2.23 trillion, maintaining a dominance of 57.61%, as per CoinMarketCap. Trading volume has decreased by 19.05% to $60.94 billion. The last update was on September 3, 2025.

Coincu research indicates potential outcomes in the financial and regulatory spheres. This includes evolving benchmarks that may influence institutional investors’ decisions on crypto assets, depending on LaValle’s strategic focus and market trends.