web3: The IPO plan remains suspended after the departure of Chief Finance Officer Grayscale

Graysdale disclosed that Edward McGee, the Chief Finance Officer, who had served for seven years, had left on 2 July because of personal arrangements. The company paper stated that the departure was not due to differences with the company ' s operations, policies or practices.

I'll take over for the chief of finance.

The company has appointed Kathryn Masci and Daniel Plourde as temporary joint chief finance officers. Of these, Masci will also be the Chief Financial and Accounting Officer and will be included in the Corporate Management Committee.

Masci joined Grayscale in 2020, having previously served as Senior Vice President of Finance. Before joining the company, she worked in finance and accounting in Garrison Capital, Pzena Investment Management and Ernst and Young. Plourde joined Grayscale in 2022 and served as Assistant Treasurer of Grayscale Funds Trust, both in Gabrieli Assembly Management and State Street Global Advisors.

There have been successive departures of senior managers.

This is Grayscale, the second senior manager left in recent weeks. Previously, John Hoffman, Managing Director and Head of Distribution and Cooperation, had left the company to transfer to the monetized asset platform Ondo Finance.

Grayscale's listing plan was not resumed at a time of continuous change in executives. The company had submitted its first U.S. public equity application confidentially in November last year, but sources had previously indicated to CoinDesk that due to the environmental impact of the market, the company had suspended its preparations and was unlikely to restart before the fourth quarter.

There's a clear backsliding of the higher GBT scale.

Grayscale is based in Stanford, Connecticut, and is held by Digital Currency Group. Since its establishment in 2013, the company has been investing in the traditional financial and digital asset markets for a long time through a compliance-encoded product.

Its core product is the Bitcoin Trust (GBTC). The product was converted to ETF in January 2025. At the previous time, about $28.5 billion had been managed for assets that had been converted to ETF, and the current management scale was about $8.5 billion, reflecting the fact that some of the funds had gone to similar ETF products at lower rates.

Additional information:CoinDesk states that Grayscale had not previously commented on the IPO timetable because it was in the United States SEC-related silent period.