Grayscale's managing director, Michael Sonnenshein, has been appointed as the asset manager's new chief executive officer, Fortune reports.
He will replace Barry Silbert, the CEO of parent company Digital Currency Group (DCG). The "crypto king" will now be able to focus on the conglomerate's new subsidiary that will be announced soon.
Alex DovbnyaEarlier today, U.Today reported that Grayscale had crossed nearly $25 billion worth of cryptocurrencies under management. Its Grayscale Bitcoin Trust alone boasts over $21 billion worth of inflows.
Silbert expects an "eventful" year for the cryptocurrency industry.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov