{"id":13653,"date":"2024-05-20T16:39:36","date_gmt":"2024-05-20T13:39:36","guid":{"rendered":"https:\/\/forklog.com\/en\/michael-sonnenshein-steps-down-as-ceo-of-grayscale\/"},"modified":"2024-05-20T16:39:36","modified_gmt":"2024-05-20T13:39:36","slug":"michael-sonnenshein-steps-down-as-ceo-of-grayscale","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/michael-sonnenshein-steps-down-as-ceo-of-grayscale\/","title":{"rendered":"Michael Sonnenshein Steps Down as CEO of Grayscale"},"content":{"rendered":"<p>Barry Silbert, head of Digital Currency Group (DCG), has announced a leadership change at Grayscale Investments.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">2\/ I want to thank <a href=\"https:\/\/twitter.com\/Sonnenshein?ref_src=twsrc%5Etfw\">@Sonnenshein<\/a>\u2014 during his 10 years <a href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a>, Michael guided the firm through exponential growth &#038; oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the broader financial industry. We wish him the best in his future endeavors<\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1792542162040606960?ref_src=twsrc%5Etfw\">May 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the announcement, CEO Michael Sonnenshein is stepping down. He will be succeeded by Peter Mintzberg on August 15, who previously served as Global Strategy Director at Goldman Sachs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I have long admired Grayscale&#8217;s position as a leading crypto asset management firm, and it is an honor to join the most talented and innovative team in the business,&#8221; Mintzberg stated.<\/p>\n<\/blockquote>\n<p>Silbert noted that the personnel changes are linked to the next phase of Grayscale&#8217;s growth.<\/p>\n<p>Sonnenshein expressed gratitude to the company and the head of DCG.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I leave <a href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a> with deep gratitude for everyone who has been on this incredible rocket ship journey. <a href=\"https:\/\/twitter.com\/BarrySilbert?ref_src=twsrc%5Etfw\">@BarrySilbert<\/a>, thank you for taking a bet on me and for your partnership these last 10 years. To the Grayscale Leadership Team \u2014 thank you for your dedication, loyalty, and\u2026<\/p>\n<p>\u2014 Sonnenshein (@Sonnenshein) <a href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1792547074707181610?ref_src=twsrc%5Etfw\">May 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Grayscale is among the companies that applied to launch a spot bitcoin ETF. New products from 11 issuers <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">received approval<\/a> in January.\u00a0<\/p>\n<p>As of April, Grayscale&#8217;s exchange-traded fund <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> had decreased by $16 billion. In the same month, Sonnenshein <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-ceo-predicts-stabilization-of-gbtc-outflows\">predicted a stabilization<\/a> of outflows from GBTC.<\/p>\n<p>Back in May, Grayscale Investments withdrew its application to create an Ethereum-based futures ETF.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barry Silbert, head of Digital Currency Group (DCG), has announced a leadership change at Grayscale Investments. 2\/ I want to thank @Sonnenshein\u2014 during his 10 years @Grayscale, Michael guided the firm through exponential growth &#038; oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the broader financial industry. We [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,943],"class_list":["post-13653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"48","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13653"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13652"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}