Jul 9, 2026, 8:42 p.m.
2 min read
Summary
- Grayscale CFO Edward McGee has stepped down after seven years with the firm, with the company appointing Kathryn Masci and Daniel Plourde as interim co-chief financial officers.
- McGee is the second senior executive to leave Grayscale in recent weeks, following the recent departure of Managing Director and Head of Distribution and Partnerships John Hoffman to Ondo Finance.
- The leadership changes come as Grayscale, the manager of the GBTC bitcoin ETF, has delayed plans for a U.S. IPO amid market conditions.
Grayscale's chief financial officer Edward McGee has stepped down after seven years at the crypto asset manager, becoming the latest senior executive to leave the company, according to a filing with the U.S. Securities and Exchange Commission on Thursday.
McGee resigned effective July 2 for personal reasons and not because of "any disagreement with the company or its operations, policies or practices," the filing said.
The company has named Kathryn Masci and Daniel Plourde as interim co-chief financial officers. Masci will also serve as principal financial and accounting officer and join the board of managers.
Masci joined Grayscale in 2020 and most recently served as senior vice president of finance.
Before that, she held finance and accounting roles at Garrison Capital, Pzena Investment Management and Ernst & Young. Plourde joined Grayscale in 2022 after senior positions at Gabelli Asset Management and State Street Global Advisors. He has also served as assistant treasurer of the Grayscale Funds Trust.
The leadership change follows another recent executive departure. Just weeks ago, managing director and head of distribution and partnerships John Hoffman left Grayscale to join tokenized asset platform Ondo Finance.
The departures come as Grayscale put its plans to go public on hold. The Stamford, Connecticut-based company confidentially filed for a U.S. initial public offering in November last year. However, 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.
A Grayscale spokesperson previously declined to comment on the IPO timeline, citing the SEC's quiet period. CoinDesk reached out for comment regarding McGee's departure.
Founded in 2013 and owned by Digital Currency Group, Grayscale has been a key bridge between traditional finance and digital assets through its regulated crypto investment products, most prominently its Bitcoin Trust (GBTC), which the firm converted into an exchange-traded fund (ETF) in January 2025. The fund once held about $28.5 billion in assets before becoming an ETF. It now manages roughly $8.5 billion as other, lower-fee ETFs have attracted investor money.
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