Grayscale CEO Steps Down, Goldman Sachs Veteran Takes Reins
CryptoNewsTerminal Staff20 May, 2024
Grayscale CEO Steps Down, Goldman Sachs Veteran Takes Reins
Grayscale, the issuer of the Bitcoin spot ETF GBTC and a cryptocurrency asset manager, has announced the resignation of its CEO, Michael Sonnenshein. Taking his place is Peter Mintzberg, a veteran executive from Goldman Sachs. The Wall Street Journal (WSJ) broke the news, reporting that Sonnenshein's departure is part of a broader reshuffling of Grayscale's leadership team. He is expected to assume a new role within the company as a senior advisor. Mintzberg's appointment signals a shift in Grayscale's strategic direction. With his extensive experience in traditional finance, he is expected to bring a fresh perspective to the company's operations and growth plans. Grayscale has been facing regulatory scrutiny over its GBTC product, which is currently the subject of an SEC investigation.
