Key facts
- Grayscale CFO Edward McGee has resigned after seven years with the company.
- Kathryn Masci and Daniel Plourde have been appointed interim co-chief financial officers.
- McGee's resignation was effective July 2 for personal reasons.
- John Hoffman, another senior executive, recently left Grayscale for Ondo Finance.
- Grayscale has paused its U.S. IPO plans due to market conditions.
Grayscale's Chief Financial Officer, Edward McGee, has resigned after a seven-year tenure with the crypto asset manager. The company announced the appointment of Kathryn Masci and Daniel Plourde as interim co-chief financial officers, with Masci also taking on the role of principal financial and accounting officer.
McGee's departure, effective July 2, was stated to be for personal reasons and not due to any disagreements with the company's operations or policies, according to a filing with the U.S. Securities and Exchange Commission. Masci joined Grayscale in 2020 and previously held finance and accounting positions at Garrison Capital, Pzena Investment Management, and Ernst & Young. Plourde joined Grayscale in 2022, bringing experience from Gabelli Asset Management and State Street Global Advisors, and has served as assistant treasurer of the Grayscale Funds Trust.
This leadership change follows the recent departure of John Hoffman, managing director and head of distribution and partnerships, who moved to the tokenized asset platform Ondo Finance. These executive shifts occur as Grayscale has postponed its plans for a U.S. initial public offering. The company had confidentially filed for an IPO in November but has since paused preparations due to prevailing market conditions, with the process unlikely to resume before the fourth quarter.
Founded in 2013 and owned by Digital Currency Group, Grayscale is known for its regulated crypto investment products, notably its Bitcoin Trust (GBTC). The firm converted GBTC into an exchange-traded fund in January 2025. The fund previously managed approximately $28.5 billion in assets before its ETF conversion and currently holds around $8.5 billion, as investor assets have shifted to lower-fee ETFs.