Grayscale Investments has expanded its management team and its board of directors as part of its “next growth phase”, adding four financial industry veterans to key leadership roles and to the founder of the recovery Barry Silbert as chairman of the board of directors.
The extended management team includes Diana Zhang as chief operating officer, Ramona Boston as Marketing Director, Andrea Williams as communications director and Maxwell Rosenthal as a head of human resources.
The newly named executives come from a traditional financing company such as Bridgewater, Apollo, Goldman Sachs and Citadel.
The founder of Graycale returns as chairman of the board of directors
Grayscale, founded in 2013 by Barry Silbert, is one of the oldest cryptography investment companies in the industry. He launched the first Bitcoin investment vehicle on the publication in the United States via Grayscale Bitcoin Trust (GBTC), which began to negotiate publicly in the over the counter in 2015.
It manages more than $ 35 billion in assets in four ETF Crypto, including newly converted Bitcoin (BTC) and Ether (ETH) products.
Silbert’s return as chairman of the board of directors occurs when Graycale is more aggressively against traditional finance giants in the Crypto ETF race.
https://www.youtube.com/watch?v=gu3jr-ddtke
While Graycale launched the first Bitcoin investment vehicle in the United States, it now faces strong competition from new entrants like Blackrock and Fidelity, whose low-lower-point Bitcoin ETF quickly acquired market share.
“When I founded Grayscale in 2013, we saw a huge opportunity to set up a new model to access and invest in digital assets,” said Silbert. “Today, I continue to have a deep conviction in the long -term positioning of the company and in the management team which guides it forward.”
Currently, Spot Bitcoin ETF de Graycale (GBTC) reports more income than any other ETF Bitcoin, winning 268.5 million dollars per year, thanks in large part to its costs of 1.5%, which is up to six times higher than competitors like the FBTC of Ibit or Fidelity of BlackRock.
Although its market share fell to around 5% of the US Bitcoin Spot ETF market, higher costs mean that it still exceeds rivals, even after more than $ 21 billion in outings.
Crypto companies turn to the talent of Wall Street
Several cryptographic companies call on traditional financial veterans when they are preparing for broader adoption, driven by a wave of pro-Crypto legislation and increasing regulatory clarity in the United States.
In 2024, Kraken strengthened his leadership with hires of traditional finance. Gilles Bianrosa, former product manager of Neobank N26, has become chief of operation and products. Marcus Hughes, with experience in Morgan Stanley and Coinbase, was appointed world regulatory strategy manager.
Galaxy Digital also exploited traditional financial talents to support its institutional expansion. At the end of 2024, he hired Tony Paquette, former financial director of Hedge Fund Point72 and ex-Jpmorgan Executive, as financial director.
The company also obtained a license to negotiate British derivatives at the beginning of 2025 and extended its presence in London, aligning its strategy to serve global institutional customers.
Magazine: how the crypto laws change around the world in 2025
