Cryptocurrency Asset Manager Grayscale Names New CEO

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Thu, 01/07/2021 - 14:25

Alex Dovbnya

Grayscale's managing director, Michael Sonnenshein, will now spearhead the cryptocurrency giant

Cryptocurrency Asset Manager Grayscale Names New CEO

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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.

Grayscale to Debut New Crypto Commercial Next Year

Earlier 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.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.