Barry Silbert Resigns as Chairman of Grayscale Investments

Digital Currency Group (DCG) laminitis Barry Silbert has resigned from his presumption arsenic the president of Grayscale Investments. Current DCG main fiscal serviceman Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell arsenic members of the caller look board.

Preparing for Grayscale’s Next Chapter

Barry Silbert, the laminitis and CEO of Digital Currency Group, has resigned from his presumption arsenic president of the integer plus absorption institution Grayscale and volition beryllium replaced by Mark Shifke.

According to the company’s filing with the Securities and Exchange Commission (SEC), starting Jan. 1, 2024, Grayscale’s committee volition beryllium composed of Mark Shifke, Matthew Kummell, and Edward McGee. Current Grayscale Investments CEO Michael Sonnenshein is besides a committee member, portion Mark Murphy, the president of Digital Currency Group (DCG), departs alongside Silbert.

Commenting connected the changes to the board, an unidentified Grayscale spokeswoman reportedly said:

“Grayscale and our investors volition payment from their respective experiences successful the fiscal services and plus absorption industries arsenic we hole for Grayscale’s adjacent chapter.”

The changes to the Grayscale Investments committee are coming astatine a clip erstwhile the SEC is considering the company’s petition to crook its Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded money (ETF).

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