Grayscale Chair Silbert Resigns While SEC Mulls Bitcoin ETF (1)

Grayscale Investments, the cryptocurrency-trust manager vying for US approval to convert the world’s biggest Bitcoin trust into an exchange-traded fund, said Barry Silbert has resigned as its chairman.

Silbert is chief executive and founder of Grayscale parent Digital Currency Group, the sprawling crypto conglomerate that is embroiled in several ongoing disputes in the wake of the 2022 industry meltdown. DCG is the subject of lawsuits by US regulators over a lending program by its former unit Genesis Global Capital and Gemini Trust Co., the crypto exchange founded by the billionaire Winklevoss brothers, that froze customer assets last year. ...