Grayscale Hires Goldman Sachs’ Peter Mintzberg as New CEO

Crypto asset management firm Grayscale has announced that Goldman Sachs executive Peter Mintzerg will be the firm’s new CEO. Indeed, Mintzberg’s appointment follows the recent resignation of Michael Sonnenshein, with the transition set to come to fruition in August.

Sonnenshein had stepped away from his position as Grayscale’s Chief Executive in order to pursue other interests. Now, the digital asset manager has selected Mintzberg as his successor, bringing more than 20 years of Wall Street experience to the role.

Also Read: Grayscale Bitcoin ETF Breaks Record With 72-Day Outflow Streak

Grayscale Hires Peter Mintzberg as New CEO

At the start of 2024, the digital asset market saw the landmark approval of Spot Bitcoin ETFs. Now, a firm that was among the key players in the approval process is set to usher in a new era, as Grayscale recently announced a leadership transition for the digital asset firm.

Specifically, following the resignation of Michael Sonnensehein, Grayscale hired Goldman Sachs executive Peter Mintzberg to be the firm’s new CEO. Mintzberg is set to succeed Sonnenshein after a successful tenure as Goldman Sachs’ Global Head of Strategy. Now, he is set to take on the digital asset sector, heading the management firm.

Also Read: Grayscale CEO: Spot Ethereum ETF is a “Matter of When” Not If

Moreover, Mintzberg has enjoyed a 20-year career working with Wall Street giants like BlackRock. That experience and expertise will facilitate even more growth for the crypto asset firm. Indeed, Grayscale is seeking to capitalize on its recent participation in the Bitcoin ETF boom.

The firm is well-known for its digital asset investment offerings. However, the leadership transition arrived just one week after Grayscale withdrew its Ethereum ETF proposal. With Mintzberg to officially begin in August, the company’s CFO, Edward McGee, will operate as principal executive officer, taking on the duties of an interim CEO.