Grayscale CEO Resigns as Spot BTC ETF Inflows Surge

Grayscale CEO Resigns as Spot BTC ETF Inflows Surge



Grayscale Investments CEO Michael Sonnenshein has stepped down from his position amid significant investor withdrawals from the firm’s GBTC ETF.



On May 20, the Wall Street Journal reported that Peter Mintzberg will assume the role of CEO in August. Mintzberg, a financial industry veteran, brings decades of experience, having previously served as Goldman Sachs’s global head of strategy for the bank’s asset management operations.



Grayscale has not yet responded to requests for commentary from crypto.news.



This leadership change coincides with a notable reversal in trends for Grayscale’s GBTC fund, which experienced its first weekly net inflows in nearly 19 weeks. According to Fineqia International research analyst Matteo Greco, GBTC recorded $31.6 million in net inflows between May 13 and May 17.



Despite this positive movemen


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#BitcoinETF, #Blockchain, #BTCETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #Grayscale, #Regulations

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