Board Reorganization
On August 4, Digital Currency Group announced that founder Barry Silbert has been reappointed chairman of Grayscale’s board. Silbert originally stepped down in December 2023 following a lawsuit by the New York Attorney General’s office alleging misleading investor disclosures and a $1 billion shortfall in fund assets. Both Silbert and DCG have denied wrongdoing, and the case remains ongoing.
Executive Appointments
Alongside Silbert’s return, Grayscale unveiled several C-suite additions: a new chief operating officer, chief marketing officer, chief communications officer, and chief human resources officer, all reporting to CEO Peter Mintzberg. These hires aim to strengthen operational capacity as Grayscale expands its exchange-traded fund lineup.
Strategic Shifts
Since Silbert’s departure, Grayscale converted its flagship Bitcoin Trust (GBTC) and Ethereum Trust into spot ETFs and is marketing new products tied to Solana, Litecoin, and other assets. The firm filed confidential IPO paperwork last month to go public, leveraging recent regulatory clarity around digital asset fund structures.
Leadership Statement
“I’m honored to rejoin the Grayscale board at a defining moment for both the company and the broader digital asset ecosystem,” Silbert said. “I have deep conviction in the leadership team guiding us forward.”
Reporting by Helene Braun; Editing by Nikhilesh De.
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