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    Home » Crypto News » Barry Silbert Steps Down as Grayscale CEO

    Barry Silbert Steps Down as Grayscale CEO

    Author: George Georgiev

    Last Updated Jan 7, 2021 @ 14:49

    Founder and longtime CEO of Grayscale, Barry Silbert, will pass his role to Michael Sonnenshein to focus on the further growth of Digital Currency Group.

    The largest cryptocurrency asset management company, Grayscale, will see a shift in its executive leadership as founder Barry Silbert is prepared to step down to focus on other initiatives of Digital Currency Group.

    • Announced Thursday, Grayscale will see a change in its Chief Executive Officer position.
    • The founder of the company, Barry Silbert, who was acting as its CEO until now, will step down. In his place, the high-ranked executive position will be assumed by Michael Sonnenshein.
    • Sonnenshein is the company’s long-standing managing director and has supposedly played a massive role in attracting new investors and making Grayscale the largest crypto asset manager.
    • Speaking on the matter, he commented on his future plans for the company:

    I want to make Grayscale synonymous with digital investing like PIMCO is with fixed income and Vanguard is with index funds.”

    • Meanwhile, Barry Silbert, who is also the CEO & Co-Founder of Grayscale’s parent company, Digital Currency Group, will shift his focus on it. He said that the company will be announcing another new subsidiary in the near future, while also adding that:

    All eyes are on the Coinbase IPO, which will result in the repricing of many companies in the space, and accelerate M&A.

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    Tags: Grayscale
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    About The Author

    George Georgiev
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    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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