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Grayscale CEO Michael Sonnenshein resigned effective Aug. 15, with Peter Mintzberg appointed to succeed him, according to an SEC filing.
Sonnenshein joined the company as an accounting executive in 2014 before becoming CEO in 2021.
“It has been an honor and privilege to work with such smart and passionate people over the past decade to grow Grayscale into an industry giant,” Sonnenshein said in a press release. “I want to thank Barry Silbert for his vision and partnership and for entrusting me to lead Grayscale’s business. The cryptocurrency asset class is at a critical inflection point and now is the right moment for a smooth transition.”
Grayscale holds the largest Bitcoin exchange-traded fund (ETF), with $19.37 billion in assets under management. The asset manager recently abandoned plans to offer an ETF for Ethereum futures.
Sonnenshein’s successor, Mintzberg, is the former head of global strategy at Goldman Sachs Asset and Wealth Management. Prior to this role, he served as COO, Head of Strategy, and Director at BlackRock for seven years and was responsible for strategy at OppenheimerFunds for seven years. Mintzberg studied at Harvard and Stanford University.
Edited by Stacy Elliott.
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