Grayscale Names Kathryn Masci and Daniel Plourde Interim Co-Chief Financial Officers After Edward McGee Exit

Grayscale said its chief financial officer Edward McGee stepped down after seven years, with the company naming Kathryn Masci and Daniel Plourde as interim co-chief financial officers in a filing with the U.S. Securities and Exchange Commission on Thursday.

“Grayscale's CFO exits after 7 years with crypto asset manager Edward McGee stepped down after seven years, months after distribution chief John Hoffman left for Ondo Finance”

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CoinDesk reported that McGee resigned effective July 2 for personal reasons and not because of "any disagreement with the company or its operations, policies or practices," as the filing said.

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Traders Union also tied the reshuffle to Grayscale’s ongoing senior leadership changes, noting that McGee left the company effective July 2 after seven years and that Kathryn Masci and Daniel Plourde were appointed as interim co-chief financial officers.

CoinDesk added that the leadership change followed the departure of managing director and head of distribution and partnerships John Hoffman, who left for Ondo Finance last month, and that Grayscale has also added Chief Marketing Officer Ramona Boston and Head of Index Steve Vanourny over the past few months.

Both CoinDesk and Traders Union linked the executive departures to Grayscale’s decision to keep its U.S. IPO plans on hold, with CoinDesk saying the Stamford, Connecticut-based company confidentially filed for a U.S. initial public offering in November last year.

CoinDesk reported that a person familiar with the matter previously told CoinDesk that Grayscale has paused its IPO preparations because of market conditions and is unlikely to restart the process before the fourth quarter.

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Traders Union similarly said Grayscale paused its IPO process, originally confidentially filed in November 2023, due to market conditions and is unlikely to restart before Q4 2024.

CoinDesk also noted that a Grayscale spokesperson previously declined to comment on the IPO timeline, citing the SEC's quiet period, as the company continued to manage its regulated crypto investment products.

CoinDesk said Grayscale’s Bitcoin Trust (GBTC) was converted into an exchange-traded fund (ETF) in January 2025, and that the fund once held about $28.5 billion in assets before becoming an ETF.

“AVAX One regains NASDAQ compliance after reverse stock split The Avalanche-focused treasury company pulled off a 1-for-12 reverse split to keep its listing alive, and it worked with days to spare”

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CoinDesk reported that the fund now manages roughly $8.5 billion as other, lower-fee ETFs have attracted investor money, while Traders Union described Grayscale as a major link between traditional finance and digital assets through regulated crypto investment products.

CoinDesk’s update also stated that stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.

Taken together, the sources portray Grayscale’s internal finance leadership transition alongside shifting crypto market metrics, including the $312B stablecoin market cap decline in June and the $3.86B tokenized equity volume record.