Mark Shifke Steps Up as Grayscale Chairman, Barry Silbert Resigns

Jonathan Stoker Dec 26, 2023, 15:20pm 73 views

Mark Shifke Steps Up as Grayscale Chairman, Barry Silbert Resigns

Transition in Leadership at Grayscale Investments

Grayscale Investments, currently being reviewed by the Securities and Exchange Commission for its application to convert its BitcoinBitcoin$42,260 -0.64% Trust (GBTC) into a U.S. spot exchange-traded fund (ETF), has recently announced a change in leadership. Barry Silbert has stepped down from his position as chairman, with Mark Shifke set to take his place.

Changes at the Helm

Grayscale Investments has not disclosed the specifics concerning this change in their SEC filing. As per the latest updates, starting from January 1, Mark Shifke, who is also the Chief Financial Officer at the Digital Currency Group (DCG), will assume Silbert's role.

Controversy Surrounding Digital Currency Group

DCG, the company that owns Grayscale, was embroiled in a legal issue in October. New York Attorney General Letitia James had levied charges against the company, accusing it of defrauding over 230,000 investors for a sum exceeding $1 billion. The aggrieved group of investors reportedly includes a minimum of 29,000 New Yorkers.

Edited by Jonathan Stoker

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