Grayscale Investments Appoints Sebastian Pulido as Managing Director, Head of Onchain Asset Management

Grayscale Investments announced the appointment of Sebastian Pulido as Managing Director, Head of Onchain Asset Management on July 21, 2026, underscoring the firm's commitment to expanding its institutional digital asset platform. The newly created position places Pulido under the leadership of Steve Vanourny, Head of Index. This hire represents a strategic effort to develop products and strategies that address the growing institutional demand for onchain investment solutions as traditional financial institutions increase their engagement with digital assets.

Pulido's appointment leverages over 15 years of combined expertise across traditional finance and crypto-native markets. His background encompasses institutional blockchain strategy, tokenization initiatives, and decentralized finance implementations, positioning him to bridge institutional capital markets requirements with emerging onchain infrastructure. This hybrid skillset reflects the industry's broader evolution as digital asset management becomes increasingly integrated into mainstream institutional portfolios.

The timing of this appointment coincides with strong market performance for Grayscale in the first half of 2026. The Grayscale Bitcoin Mini Trust ETF (BTC) ranked #1 in year-to-date inflows among Bitcoin exchange-traded products, surpassing offerings from major traditional asset managers. Beyond this flagship product, Grayscale led all digital asset ETPs in both run-rate revenue and revenue capture during the period. The firm's expanded product offerings—including Grayscale Sui Staking ETF (GSUI) and Grayscale Hyperliquid Staking ETF (HYPG)—demonstrate aggressive product development momentum. The Hyperliquid Staking ETF particularly stands out for exceeding $100 million in assets under management within approximately three weeks of its launch.

Pulido's mandate to develop onchain asset management solutions aligns with a broader institutional trend toward direct exposure to blockchain-based assets and staking strategies. His leadership of this new function suggests Grayscale is positioning itself to capture market share as institutional allocators increasingly seek exposure to decentralized finance, staking yields, and tokenized assets—categories that require specialized expertise and product infrastructure.