Grayscale Investments announced the appointment of Peter Mintzberg as its new chief executive, taking the mantle from Michael Sonnenshein after three years in the role.
Mintzberg joins Grayscale from Goldman Sachs, where he currently acts as the global head of strategy for asset and wealth management.
“I leave @Grayscale with deep gratitude for everyone who has been on this incredible rocket ship journey,” Sonnenshein wrote on X.
Sonnenshein thanked Barry Silbert, the founder and chief executive of parent company Digital Currency Group, “for taking a bet on me and for your partnership these last 10 years”.
I leave @Grayscale with deep gratitude for everyone who has been on this incredible rocket ship journey. @BarrySilbert, thank you for taking a bet on me and for your partnership these last 10 years. To the Grayscale Leadership Team - thank you for your dedication, loyalty, and…
— Sonnenshein (@Sonnenshein) May 20, 2024
“I’ve long admired Grayscale’s position as the leading crypto asset management firm, and I am honored to join the most talented and pioneering team in the business,” said Mintzberg. “This is an exciting time in Grayscale’s history as it continues to capitalize on the unprecedented momentum in the asset class,” said Mintzberg.
Silbert added: “I want to thank Michael for his stewardship of Grayscale, having joined the team in 2014 and serving as CEO since 2021. Michael guided Grayscale from $60 million to ~$30 billion of assets under management and through its historic court victory against the Securities and Exchange Commission, which enabled Grayscale to uplist the first spot Bitcoin ETF to NYSE Arca alongside the largest players in traditional finance.”
Grayscale Investments is the world’s largest digital currency asset manager and operator of the influential Grayscale Bitcoin Trust (GBTC).
GBTC is the largest bitcoin-based exchange-traded fund, although BlackRock's IBIT product is narrowly closing the gap in asset under management.