Grayscale CEO Michael Sonnenshein is stepping down after more than a decade at the investment firm. He will be succeeded by Peter Mintzberg in August, who is the current Global Head of Strategy for Goldman Sachs' Asset and Wealth Management division.

Yahoo Finance's Jared Blikre and Julie Hyman break down Sonnenshein's instrumental role in Grayscale and the future of its bitcoin ETF (GBTC).

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This post was written by Melanie Riehl