Grayscale CEO Michael Sonnenshein steps down, Goldman exec to take his place
Publishing timestamp: 2024-05-20 10:28:14
Summary
Grayscale Investments announced CEO Michael Sonnenshein stepping down after 10-year run, to be succeeded by Peter Mintzberg from Goldman Sachs. Grayscale played key role in pushing for Bitcoin ETFs, but GBTC has seen outflows since converting to ETF. Sonnenshein moving on to pursue other interests. Court sided with Grayscale in lawsuit against SEC, paving way for approval of new Bitcoin ETFs. JPMorgan cautious on crypto as retail investors dump following ETF hype.
Sentiment: MIXED
Tickers: BTC.CM=,
Keywords: business news, markets, bitcoin, cryptocurrency, breaking news: investing, breaking news: markets, grayscale bitcoin trust (btc), investment strategy, bitcoin/usd coin metrics,