Barry Silbert to Leave Grayscale’s Board

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Grayscale has disclosed the resignation of several board members along with the appointment of replacements, as indicated in documents filed with the SEC.

Barry Silbert, founder and CEO of Digital Currency Group (DCG), Grayscale’s parent company, is set to step down from the board on January 1, 2024, with DCG President Mark Murphy.

The newly appointed board members all have connections to the Digital Currency Group. The statement affirms that Schiefke, Kammel, and McGee will hold positions on the board, retaining the powers granted to them as officers under the limited liability company agreement.

Grayscale is actively seeking SEC approval to convert GBTC into a spot Bitcoin ETF, and a previous court ruling favored the firm’s petition against the regulator’s refusal to facilitate the conversion.