Grayscale Eyes IPO, Brings Back Founder Barry Silbert

Grayscale Investments has announced the return of founder Barry Silbert as chairman of the board, as the company prepares for a public listing. The move comes after Grayscale confidentially filed documents for an initial public offering (IPO) in July 2025.

Alongside Silbert's return, the company appointed four new senior executives: Diana Zhang as Chief Operating Officer, Ramona Boston as Chief Marketing Officer, Andrea Williams as Chief Communications Officer, and Maxwell Rosenthal as Chief Human Resources Officer. All four report directly to CEO Peter Mintzberg and bring experience from top traditional finance institutions, including Bridgewater, Apollo, Goldman Sachs, and Citadel.

Silbert replaces Mark Shifke as chairman, who will remain on the board. The company stated it is also considering the addition of independent directors.

Silbert originally stepped down in December 2023 amid investigations into Digital Currency Group (DCG), Grayscale’s parent company, which was named in a lawsuit by the New York Attorney General related to the collapse of its lending arm, Genesis. Currently, Grayscale manages over $35 billion in assets, offering spot ETFs on Bitcoin and Ethereum, as well as diversified crypto funds.