Grayscale's leadership changes could reshape its competitive stance in the evolving crypto ETF market, impacting investor dynamics.
The post Grayscale CFO Edward McGee exits after 7 years with crypto asset manager appeared first on Crypto Briefing.
The post Coinbase and Grayscale Executives Step Down After Major Crypto Wins appeared on BitcoinEthereumNews.com.
Coinbase and Grayscale, two of crypto’s largest firms, both saw a top executive step down this week. Coinbase Chief Legal Officer Paul Grewal and Grayscale Chief Financial Officer Edward McGee announced their exits hours apart. Both are leaving on good terms after multi-year tenures, and each firm quickly named internal successors. Neither cited any dispute. Coinbase Legal Chief Steps Down After Six Years Grewal notified Coinbase on July 8 that he would leave as chief legal officer and secretary, effective July 31. He joined in 2020 from Facebook, where he served as deputy general counsel. Before that, he spent more than five years as a federal magistrate judge. After 6 years I’m leaving @Coinbase. I’ll be transitioning to an advisory role at the end of the month and continue my service on the Board of Coinbase National Trust Company. I will be a Coinbase ally for life and
The post Grayscale’s CFO exits after 7 years with crypto asset manager appeared on BitcoinEthereumNews.com.
Grayscale’s chief financial officer Edward McGee has stepped down after seven years at the crypto asset manager, becoming the latest senior executive to leave the company, according to a filing with the U.S. Securities and Exchange Commission on Thursday. McGee resigned effective July 2 for personal reasons and not because of “any disagreement with the company or its operations, policies or practices,” the filing said. The company has named Kathryn Masci and Daniel Plourde as interim co-chief financial officers. Masci will also serve as principal financial and accounting officer and join the board of managers. Masci joined Grayscale in 2020 and most recently served as senior vice president of finance. Before that, she held finance and accounting roles at Garrison Capital, Pzena Investment Management and Ernst & Young. Plourde joined Grayscale in 2022 after senior positions at Gab
The Ethereum ETF race is quickly becoming a fee fight. Grayscale’s disclosure of a 0.15% sponsor fee for its Ethereum Mini Trust puts real pressure on the rest of the issuer field, especially as investors compare product
The post Crypto IPO autopsy: Gemini down 89%, pipeline frozen appeared on BitcoinEthereumNews.com.
Gemini has lost 89% of its value since its September debut and is being sued by its own shareholders. BitGo is down 77%, Bullish 71%, and the pipeline behind them, Kraken, Grayscale, Consensys, Ledger, has frozen solid. The great crypto listing boom lasted about a year and destroyed most of the capital that believed in it. Here is what actually killed it, who survived and why, and what has to change before the window reopens. Summary The crypto IPO boom failed because many companies listed at cycle-peak valuations just before trading volumes and asset prices weakened. Circle held up better than peers because stablecoin float revenue is more durable than exchange or custody revenue. Gemini’s 89% collapse shows how public markets punished crypto businesses with cyclical revenue and unclear post-IPO strategy. Lockup expiries added extra selling pressure, turning weak debuts into prolonged de
The post Fidelity’s FETH Drives $70.5 Million Ether ETF Inflow as Bitcoin Turns Negative appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin ETFs lost $84.86M, while ether ETFs gained $70.48M for a 5th straight inflow day. Fidelity’s FETH led ether’s gains as HYPE remained positive, while solana and XRP weakened. ETF demand is turning selective, with ether leading while bitcoin faces renewed pressure. Grayscale’s GBTC Leads $84.9 Million Bitcoin ETF Exit as Ether Stays Strong The recovery in crypto exchange-traded funds (ETFs) is no longer moving in a straight line. After several days of improving flows, bitcoin slipped back into the red, pulled lower by exits from Grayscale, Blackrock and Fidelity products. Ether, however, continued to attract fresh capital, suggesting investors are becoming more selective rather than stepping away from crypto exposure altogether. Bitcoin Reverses Course as Ether Holds Firm Bitcoin ETFs recorded $84.86 million in net outflows, ending their rece
Crypto ETF flows split sharply on Wed., July 8, as bitcoin ETFs returned to outflows with an $84.9 million exit. Ether ETFs remained the clear bright spot, drawing $70.5 million for a fifth straight day of inflows, while HYPE stayed positive and both solana and XRP funds moved lower. Grayscale’s GBTC Leads $84.9 Million Bitcoin […]
The post Live markets: Bitcoin ETFs slip back to outflows while ether funds extend their streak appeared on BitcoinEthereumNews.com.
U.S. spot bitcoin ETFs lost a net $85 million on Wednesday, ending a three-day inflow run that had pulled in roughly $509 million, per SoSoValue data. Ether ETFs took in about $70 million the same day, a fifth straight session of inflows. The bitcoin outflow was broad. BlackRock’s IBIT shed roughly $59 million, Grayscale’s GBTC lost nearly $64 million, and Fidelity’s FBTC gave up about $15 million. Grayscale’s mini BTC fund was the only one in the green at nearly $53 million. Total bitcoin ETF assets fell to about $75 billion. Ether’s flows came from a narrower base but kept pointing the same way. Fidelity’s FETH led with roughly $69 million, with VanEck’s ETHV adding just over $1 million and every other fund flat. Ether ETF assets sit at about $9 billion. The split matches the price tape. Bitcoin traded near $62,300 and ether near $1,740, both down about
