Barry Silbert resigns as Grayscale Chairman

Grayscale Investments’ application to convert its Bitcoin Trust (GBTC) into a U.S. cash exchange-traded fund (ETF) is being reviewed by the Securities and Exchange Commission, Barry Silbert said. resign He will be replaced as Chairman by Mark Shifke. food , Grayscale Chief Financial Officer (CFO) owner D.C.G. , Grayscale will replace Silbert starting Jan. 1, it said in an SEC filing, without giving a reason for the change. DCG Chairman Mark Murphy also resigned from the board. The SEC has postponed several ETF applications, including Grayscale, BlackRock, Ark 21shares, Vaneck and Hashdex, many of which have met with regulators and filed amended documents as the year-end approaches. Agencies have until Jan. 10 to approve or reject Ark 21Shares, which is the first deadline for access.