Grayscale CEO Michael Sonnenshein Resigns After a Decade

Peter Mintzberg, a seasoned executive from Goldman Sachs, will take over as CEO starting August 15.

Sonnenshein steps down after leading Grayscale since 2021 and working at the firm since 2014.
Peter Mintzberg, with experience at Goldman Sachs, BlackRock, and Invesco, will succeed Sonnenshein.
Grayscale's flagship Bitcoin Trust recently converted to an ETF but has faced significant outflows.
The firm withdrew its Ethereum futures ETF application earlier this month amid regulatory challenges.
Barry Silbert, CEO of Digital Currency Group, praised Sonnenshein's leadership and strategic vision.