-
Grayscale Appoints Wall Street Veteran Peter Mintzberg As New CEO
Wednesday, August 21, 2024 - 8:02am | 541Crypto asset manager Grayscale has appointed Peter Mintzberg as its new CEO, marking a turning point for the company that once stood at odds with traditional finance. What Happened: Mintzberg, who has held senior positions at Goldman Sachs (NYSE:GS) and BlackRock Inc. (NYSE:BLK), brings over two...
-
CEO Change At Grayscale: GBTC Investors Optimistic, Charts Indicate Bullish Outlook
Tuesday, May 21, 2024 - 10:08am | 716Grayscale Investments announced that Michael Sonnenshein is stepping down as CEO to “pursue other interests.” This marks a significant leadership transition for the cryptocurrency asset manager. Sonnenshein’s departure comes as Grayscale Bitcoin Trust (NYSE:GBTC) demonstrates...
-
Grayscale CEO Michael Sonnenshein Steps Down, Peter Mintzberg Appointed As Successor
Monday, May 20, 2024 - 9:41am | 491Grayscale Investments on Monday announced that Michael Sonnenshein will step down as CEO, effective Aug. 15, later this year. Former Goldman Sachs (NYSE:GS) executive Peter Mintzberg will take over the role. Benzinga has reached out to Sonnenshein for a comment. Grayscale’s Chief Financial...
-
Spot Bitcoin ETFs Clock $11M Net Inflows On Wednesday As Grayscale Shifts Focus To Spot Ether ETF
Thursday, May 9, 2024 - 8:00am | 586Spot Bitcoin ETFs saw modest inflows on May 8, with the $11.5409 million inflow into the Bitwise ETF (NYSE:BITB) being the only non-zero balance of the day. What Happened: Notably, Grayscale’s GBTC (OTC:GBTC), BlackRock‘s iShares Bitcoin Trust (NASDAQ: IBIT), the Fidelity Wise Origin...
-
Bitcoin ETF Fees: Grayscale Hints At Future Cuts, But There's A Catch
Friday, April 12, 2024 - 12:44pm | 504Grayscale CEO Michael Sonnenshein on Friday shared plans for the company’s Bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (OTC:GBTC), to eventually reduce its management fees. What Happened: Currently, GBTC charges the highest fees among all U.S. spot Bitcoin ETFs at 1.5%...
-
Grayscale CEO Hints At Slowdown In $15B Bitcoin ETF Outflows
Wednesday, April 10, 2024 - 10:47am | 466Grayscale, the world’s largest digital currency manager, is seeing a potential slowdown in outflows from its flagship ETF. What Happened: Speaking on a Reuters podcast, the company’s CEO Michael Sonnenshein suggested that the turbulence caused by the liquidation of assets from bankrupt...
-
Grayscale CEO Pushes For Spot Bitcoin ETF Options Approval: 'We'll See More Crypto ETFs In Next 3-5 Years'
Tuesday, February 6, 2024 - 1:16pm | 641Grayscale CEO Michael Sonnenshein on Tuesday made a public call for the approval of spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) options, emphasizing the importance of developing a robust market for these options. What Happened: In a post shared on X, formerly Twitter, ...
-
Davos Crypto Panel Backs CBDCs, Rejects Dogecoin; Ripple CEO Says 'I Don't Get It'
Thursday, January 18, 2024 - 3:07pm | 644A panel at the World Economic Forum (WEF) meeting in Davos, Switzerland titled "Clear-Eyed About Crypto" agreed the cryptocurrency industry needs further regulatory clarity. The panel also struck an optimistic tone but rejected the appeal of meme coins like Dogecoin (CRYPTO: DOGE). When...
-
Most Americans Say AI, Crypto Knowledge Is Pivotal For US Presidential Candidates: Survey
Thursday, December 21, 2023 - 11:22am | 510A new survey highlights a major shift in American voters’ priorities, showing 73% of participants believe U.S. presidential candidates must have a well-informed perspective on innovative technologies, such as artificial intelligence (AI) and cryptocurrencies. What Happened: Grayscale...
-
Grayscale CEO Highlights Possible $30 Trillion Unlock In Advised Wealth After Spot Bitcoin ETF Approvals, Another Crypto Analyst Says BTC Price Will Skyrocket
Tuesday, December 19, 2023 - 7:59pm | 659Grayscale Investments CEO Michael Sonnenshein in his recent CNBC appearance voiced his opinion about the potential impact of a spot Bitcoin ETF on the crypto market. What Happened: Sonnenshein highlighted that a spot Bitcoin ETF could "unlock" around "$30 trillion worth of...
-
Grayscale CEO Optimistic For Bitcoin ETF Approval Despite SEC Delay
Thursday, December 7, 2023 - 11:58am | 469Grayscale Investments CEO Michael Sonnenshein shared a positive outlook on the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF. What Happened: In an interview with Yahoo Finance, he said, "We're feeling optimistic," Sonnenshein remarked, highlighting the proactive...
-
Bitcoin Blowback: Wisdomtree, Grayscale Respond To Landmark Court Ruling On Spot ETF
Thursday, August 31, 2023 - 1:37pm | 555In the wake of Grayscale's (OTC: GBTC) landmark legal victory in its journey to launch the first U.S. ETF investing directly in Bitcoin (CRYPTO: BTC), industry leaders emphasized the paramount importance of investor protection. Grayscale CEO Michael Sonnenshein and...
-
Is Grayscale's Partnership With Coinbase On The Chopping Block? SEC Drama Unfolds
Wednesday, May 10, 2023 - 11:36am | 536Grayscale Investments CEO Michael Sonnenshein is calling on the U.S. Securities and Exchange Commission (SEC) for more regulatory clarity, with the hope that the digital currency asset manager isn't banned from using Coinbase as its custodian. In a letter, addressed to SEC Secretary...
-
Grayscale And Foundry Partner To Introduce A Bitcoin Mining Investment Product
Monday, October 10, 2022 - 2:39pm | 617Bitcoin (CRYPTO: BTC) asset management firm Grayscale announced a new investment product that gives investors exposure to Bitcoin mining equipment. The fund will generate money to purchase Bitcoin ASIC computers, which Foundry Digital will run to mine and trade Bitcoin for investors. The Asset...
-
Grayscale Points Out SEC's Inconsistency In Bitcoin Stop ETF Rejections
Monday, April 25, 2022 - 10:23am | 490Grayscale Investments — the firm behind the world's largest Bitcoin (CRYPTO: BTC) closed-end fund, Grayscale Bitcoin Trust (OTC: GBTC) — highlighted what it believes to be inconsistencies in the way the U.S. Securities and Exchange Commission (SEC) treats...