Grayscale Investments has announced a significant leadership change as CEO Michael Sonnenshein steps down. He will be succeeded by Peter Mintzberg, a former Goldman Sachs executive, effective August 15, 2024. Mintzberg brings over 20 years of experience, having held senior roles at prominent asset managers including BlackRock, OppenheimerFunds, and Invesco. This transition, reported by WSJ, comes amid an investor exodus from Grayscale's GBTC Bitcoin Fund and a $144 million reduction in fees. Barry Silbert, founder and CEO of Digital Currency Group (DCG), which owns Grayscale, announced the change and expressed confidence in Mintzberg's ability to lead the company into its next phase of growth.