according to the materials of the site - By FinanceFeeds

Barry Silbert has returned to Grayscale Investments, returning to the cryptocurrency asset management company just a few weeks after the company confidentially filed for an initial public offering.
Silbert, who founded Grayscale in 2013, replaced Mark Shifke, who will remain on the board of directors. The company is also considering bringing in independent directors in preparation for going public.
In addition to Silbert's return, Grayscale has brought in four senior executives with extensive experience in traditional finance. Diana Zhang (Chief Operating Officer), Ramona Boston (Marketing Director), Andrea Williams (Public Relations Director), and Maxwell Rosenthal (Human Resources Director) transitioned from companies such as Bridgewater, Apollo, Goldman Sachs, and Citadel. All report to CEO Peter Mintzberg, who took over the company last year.

Zhang previously served as Chief Operating Officer at BlockTower Capital and was a senior executive at Bridgewater. Boston led client marketing at Apollo, Williams managed communications at Oaktree, and later at Goldman, while Rosenthal oversaw human resources at Citadel's global credit division.

The leadership reshuffling followed a tumultuous period in Silbert's life. He stepped down as chairman of the board at the end of 2023, just before the Securities and Exchange Commission (SEC) decision on spot bitcoin ETFs, including Grayscale's long-standing attempt to convert GBTC. Around the same time, Silbert's parent company Digital Currency Group (DCG), also founded by him, faced legal pressure from the New York Attorney General related to the collapse of Genesis and its ties to Gemini's Earn program. Silbert's name appeared in the lawsuit.

"It is a great honor for me to return to the board at such a pivotal moment," said Silbert. "I firmly believe in where the company is headed, and in the team leading it."

Grayscale manages over $35 billion, offering a range of crypto investment products, including spot ETFs on bitcoin and ether, as well as diversified digital asset funds.

Earlier in April, Silbert stated that it would be more beneficial for him to simply hold bitcoin rather than invest in early-stage crypto startups. He recalled how he discovered bitcoin in 2011, buying it at around $7–8 per coin. As the value of bitcoin rose, he shifted to investing in emerging crypto companies like Coinbase, using bitcoin to fund many of those deals.

In January, Barry Silbert's DCG agreed to settle a $38 million dispute with the U.S. Securities and Exchange Commission (SEC) over allegations of misleading investors through its subsidiary Genesis Global Capital.
The SEC's investigation focused on how DCG managed the fallout from a major default by one of Genesis's largest borrowers, Three Arrows Capital.

This settlement marked the latest chapter in DCG's regulatory troubles. New York Attorney General Letitia James sued Gemini, Genesis, and later their parent company Digital Currency Group (DCG) over the Gemini crypto lending program. He argued that they misled over 29,000 New York residents and concealed losses of $1.1 billion.


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