Grayscale names interim finance chiefs after CFO exit

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Grayscale names interim finance chiefs

Highlights

Grayscale CFO Edward McGee resigned for personal reasons, with Kathryn Masci and Daniel Plourde named as interim co-chief financial officers according to a recent SEC filing.
Grayscale has expanded its senior leadership team in recent months, appointing Laurie Katz as Global Head of Distribution, Ramona Boston as Chief Marketing Officer and Steve Vanourny as Head of Index.
Grayscale paused its IPO process, originally confidentially filed in November 2023, due to market conditions and is unlikely to restart before Q4 2024.

Executive transition and interim appointments

As reported by CoinDesk, Grayscale disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday that chief financial officer Edward McGee has stepped down from the crypto asset manager.

The filing says McGee resigned for personal reasons and not because of any disagreement with the company or its operations, policies or practices. Grayscale named Kathryn Masci and Daniel Plourde as interim co-chief financial officers, with Masci also taking the role of principal financial and accounting officer and joining the board of managers.

Masci joined Grayscale in 2020 and most recently serves as senior vice president of finance. Before joining the firm, she held finance and accounting roles at Garrison Capital, Pzena Investment Management and Ernst & Young.

Plourde joined Grayscale in 2022 after senior positions at Gabelli Asset Management and State Street Global Advisors. He has also served as assistant treasurer of the Grayscale Funds Trust.

Grayscale has also expanded its senior leadership team in recent months, appointing Laurie Katz as Global Head of Distribution, Ramona Boston as Chief Marketing Officer and, most recently, Steve Vanourny as Head of Index.

IPO pause and pressure on the business

The management change follows another senior leadership transition at the company. Former managing director and head of distribution and partnerships John Hoffman left Grayscale last fall and joined tokenized asset platform Ondo Finance several weeks ago.

Grayscale has also delayed its plans to go public. The Stamford, Connecticut-based company confidentially filed for a U.S. initial public offering in November last year, but a person familiar with the matter previously told CoinDesk that the company has paused IPO preparations because of market conditions and is unlikely to restart the process before the fourth quarter.

Founded in 2013 and owned by Digital Currency Group, Grayscale remains a major link between traditional finance and digital assets through regulated crypto investment products. Its Bitcoin Trust, GBTC, was converted into an exchange-traded fund in January 2025 and now manages roughly $8.5 billion after experiencing outflows amid increased competition in the spot Bitcoin ETF market.

Grayscale also offers the Grayscale Bitcoin Mini Trust ETF (ticker: BTC), which carries a 15-basis-point management fee and has attracted the strongest year-to-date net inflows among U.S. spot Bitcoin ETFs, according to the company.

Our earlier report on Anduril’s IPO timing explained why the defense-tech company is in no rush to go public despite its $61 billion valuation. We noted management’s concerns that elevated, hype-driven valuations could undermine sustainable investor returns, even as sector demand rises and the broader tech IPO market remains selective.

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