Crypto manager Grayscale appoints Goldman exec Peter Mintzberg as new CEO

(Reuters) - Grayscale Investments on Monday said it has appointed Goldman Sachs executive Peter Mintzberg as its Chief Executive Officer, effective mid-August, weeks after the digital asset manager withdrew its application for Ethereum futures ETF.

Mintzberg succeeds Michael Sonnenshein, who has stepped down from the position to pursue other interests, the company said.

Grayscale is known for offering crypto investment products, including exchange-traded funds that allow shareholders to gain exposure to cryptocurrencies like bitcoin without holding it.

It withdrew its proposal for an exchange-traded fund tied to ether futures earlier this week after applying in September, shortly before the other ether futures ETFs began trading.

Chief Financial Officer Edward McGee, who has also been appointed principal executive officer, will take over CEO responsibilities until Mintzberg takes over in August.

Mintzberg will join Grayscale from Goldman Sachs, where he is the Global Head of Strategy for Asset and Wealth Management. Before that, he held several global leadership roles in Strategy, Mergers & Acquisitions and Investor Relations at BlackRock, OppenheimerFunds, and Invesco.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Tasim Zahid)