Crypto:
29757
Bitcoin:
$66.937
% 0.15
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 66.937
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

Huge Resignation at Grayscale, which applied for Bitcoin ETF!

Grayscale

One of the leading companies in asset management, Grayscale Investments, made a significant change as the founder and owner of the company, Barry Silbert, resigned as the Chairman of the Grayscale board during the evaluation process of the application to convert the Bitcoin Trust (GBTC) to a U.S. spot exchange-traded fund (ETF). It was announced that Mark Shifke, Grayscale’s Chief Financial Officer, will take over in his place.

While Grayscale did not provide detailed information about this change in the SEC (Securities and Exchange Commission) filing, this significant change in the industry is noteworthy. The fact that Mark Shifke will assume the chairmanship as of January 1 raises curiosity about the future of the company.

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This development may be related to a lawsuit filed in October by New York Attorney General Letitia James against Digital Currency Group (DCG), which is also owned by Barry Silbert. DCG is alleged to be facing claims of more than $1 billion in damages to over 230,000 investors. How Grayscale will interact with this legal process with this change will become clearer over time.

While Grayscale Investments continues to maintain its leadership in the crypto asset management field, the assumption of the chairmanship by Mark Shifke raises questions about the company’s future direction and upcoming projects.

 


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