Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Silbert's departure could increase Grayscale's chances of successfully converting GBTC into a spot Bitcoin ETF

Silbert's departure could increase Grayscale's chances of successfully converting GBTC into a spot Bitcoin ETF

CointimeCointime2023/12/27 04:02
By:Cointime

Grayscale has submitted a revised S-3 document to the US Securities Regulatory Commission. On the same day, Barry Silbert, CEO of its parent company Digital Money Group, announced his resignation from the Grayscale board of directors. Ramah Luwalia, CEO of Lumida Wealth, speculated that Silbert's resignation was likely due to his own will to increase the chances of ETF approval, largely due to the SEC's investigation into Silbert and DCG.

Adam Cochran, partner at cryptocurrency venture capital firm Cinneamhain Ventures, speculated that Silbert's decision to resign was a "definitely agreed upon agreement" between Grayscale and the SEC before the transition request for approval.

Silbert's departure was mentioned in the 8-K document submitted to the SEC on December 26, and the company announced that Mark Shifke, CFO of DCG, would replace Silbert as chairman of the Grayscale board of directors.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30