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BREAKING NEWS:
Michael Sonnenschein stepps down as CEO of Grayscale ✴️
Grayscale is one of the companies that has applied to launch a spot bitcoin-ETF. New products from 11 issuers received approval in January.
Digital Currency Group (DCG) CEO Barry Silbert has announced a change in leadership at management company Grayscale Investments.
According to the statement, the CEO Michael Sonnenschein is stepping down. He will be succeeded effective Aug. 15 by Peter Mintzberg, who previously worked at Goldman Sachs as director of global strategy.
According o news source: "I have long admired Grayscale's position as a leading crypto asset management firm, and I am honored to join the most talented and innovative team in the business," Mintzberg said.
According to Silbert, the staffing changes are related to Grayscale's next phase of growth.
Sonnenschein expressed his gratitude to the company and the head of DCG.
As of April, the AUM of the Grayscale exchange-traded fund decreased by $16 billion. In the same month, Sonnenschein predicted the stabilization of outflows from GBTC.
Recall that in May, Grayscale Investments withdrew its application to create an Ethereum-based futures ETF.
