Grayscale Chief Financial Officer Edward McGee has resigned after seven years at the crypto asset manager. The company named Kathryn Masci and Daniel Plourde as interim co-CFOs as it navigates recent leadership changes and a paused IPO process.
Grayscale Chief Financial Officer Edward McGee has resigned after seven years at the crypto asset manager. The company named Kathryn Masci and Daniel Plourde as interim co-CFOs as it navigates recent leadership changes and a paused IPO process.
The change matters because it comes at a sensitive moment for one of the best-known firms linking traditional finance with digital assets. Grayscale, which manages the GBTC bitcoin ETF, has also paused preparations for a U.S. initial public offering amid market conditions, according to CoinDesk's prior reporting.
Grayscale Chief Financial Officer Edward McGee has stepped down after seven years with the crypto asset manager, according to a U.S. Securities and Exchange Commission filing cited by CoinDesk. His resignation took effect on July 2 and was attributed to personal reasons, not to any disagreement with Grayscale's operations, policies or practices.
The change matters because it comes at a sensitive moment for one of the best-known firms linking traditional finance with digital assets. Grayscale, which manages the GBTC bitcoin ETF, has also paused preparations for a U.S. initial public offering amid market conditions, according to CoinDesk's prior reporting.
Grayscale appointed Kathryn Masci and Daniel Plourde as interim co-chief financial officers. Masci, who joined the firm in 2020 and most recently served as senior vice president of finance, will also act as principal financial and accounting officer and join the board of managers.
Plourde joined Grayscale in 2022 after senior roles at Gabelli Asset Management and State Street Global Advisors. He has also served as assistant treasurer of the Grayscale Funds Trust.
McGee is the second senior Grayscale executive to leave in recent weeks. John Hoffman, the firm's managing director and head of distribution and partnerships, recently departed to join tokenized asset platform Ondo Finance.
Founded in 2013 and owned by Digital Currency Group, Grayscale is best known for its regulated crypto investment products. Its Bitcoin Trust, GBTC, was converted into an exchange-traded fund in January 2025; CoinDesk reported that the fund once held about $28.5 billion in assets before the conversion and now manages roughly $8.5 billion as lower-fee ETFs have drawn investor money.
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