Grayscale CFO Edward McGee Resigns After Seven Years

Grayscale CFO Edward McGee Resigns After Seven Years

Grayscale has announced that Edward McGee has stepped down from his position as Chief Financial Officer after seven years with the cryptocurrency asset manager. McGee’s resignation, which took effect on July 2, was attributed to personal reasons and was not related to any disagreements regarding company operations or policies, according to a filing with the U.S. Securities and Exchange Commission.

Interim Leadership Appointments

In light of McGee’s departure, Grayscale has appointed Kathryn Masci and Daniel Plourde as interim co-CFOs. Masci, who joined Grayscale in 2020 and previously held senior vice president of finance, will also take on the role of principal financial and accounting officer and join the board of managers. Plourde, who came to Grayscale in 2022 after holding significant roles at Gabelli Asset Management and State Street Global Advisors, is also the assistant treasurer of the Grayscale Funds Trust.

Recent Executive Departures

McGee’s exit marks the latest in a series of leadership changes at Grayscale. Last fall, John Hoffman, the former managing director and head of distribution and partnerships, left the company to join Ondo Finance. Additionally, Grayscale has recently welcomed new team members, including Chief Marketing Officer Ramona Boston and Head of Index Steve Vanourny.

Impact on IPO Plans

This leadership change comes as Grayscale pauses its plans to go public. The Stamford, Connecticut-based firm had filed confidentially for a U.S. initial public offering in November, but the process has been stalled due to market conditions. Reports indicate that an IPO launch is unlikely before the fourth quarter of this year.

About Grayscale

Founded in 2013 and owned by Digital Currency Group, Grayscale has played a significant role in bridging traditional finance with digital assets through its regulated products, most notably the Bitcoin Trust (GBTC), which transitioned into an exchange-traded fund (ETF) in January 2025. The fund previously managed approximately $28.5 billion in assets but now oversees around $8.5 billion as lower-fee ETFs draw investor interest.