Important Development in Bitcoin ETF Applications: Manager Resigned

Barry Silbert, founder of Digital Currency Group, has resigned from the board of directors of Grayscale Investments, LLC.

According to the document submitted to the US Securities and Exchange Commission (SEC), Barry Silbert and Mark Murphy Grayscale is affiliated with Grayscale Bitcoin Trust. He will leave the board of directors as of January 1, 2024.

Murphy was appointed as president of Digital Currency Group, to which Grayscale is affiliated, in October 2022.

Instead of these two, Mark Shifke, Matthew Kummell and Edward McGee will join the board. Shifke will replace Silbert as chairman of the board.

Shifke, who previously worked at Goldman Sachs and JPMorgan Chase, will join Digital Currency Group in July 2023. as chief financial officer attended.

Grayscale awaits SEC approval to launch spot Bitcoin exchange-traded fund (ETF) From more than 10 issuers someone. Regarding the joint application made by SEC, ARK and 21Shares A final decision on January 10, 2024 will give.

While the reason for the change in the board of directors was not disclosed, Grayscale Bitcoin Trust converted to ETF It was speculated that it might be related.

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