Grayscale Investments Announces Leadership Changes Ahead of SEC’s ETF Decision

Grayscale Investments, a prominent crypto asset management firm, has undergone leadership changes as it awaits the Securities and Exchange Commission’s (SEC) decision on its Bitcoin Trust (GBTC) application to become a U.S. spot exchange-traded fund (ETF). Barry Silbert, the former chairman, has resigned, and Mark Shifke, Chief Financial Officer (CFO) of Digital Currency Group (DCG), Grayscale’s parent company, will take over as chairman effective January 1, 2024. The SEC has recently delayed decisions on various ETF applications, including Grayscale’s, as the industry anticipates key regulatory developments in the coming months. (Source: Coindesk)