Grayscale Investments, a company seeking to convert its Bitcoin Trust into a U.S. spot exchange-traded fund (ETF), has announced changes in its leadership. Barry Silbert, the chairman of Grayscale, has resigned and will be replaced by Mark Shifke, the chief financial officer of Grayscale’s owner, DCG. The changes will take effect on January 1, although no reason was given for Silbert’s departure. Additionally, Mark Murphy, the president of DCG, has also resigned from the board.
The Securities and Exchange Commission (SEC) has been considering Grayscale’s ETF application, along with those of other companies such as BlackRock, Ark 21shares, Vaneck, and Hashdex. However, the SEC has delayed the approval process for these applications, and many companies have had to submit amended documentation as the year-end deadline approaches. The first deadline for the SEC to approve or reject Ark 21Shares is January 10.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Mark Murphy, Mark Shifke, Barry Silbert |
| Companies | U.S. spot exchange-traded fund (ETF), BlackRock, Hashdex, Bitcoin Trust, Grayscale Investments, Securities and Exchange Commission, DCG, Mark Murphy, Mark Shifke, Vaneck, Ark 21shares, Grayscale |
| Currencies | Bitcoin |
| Securities | None |
