Grayscale CFO Edward McGee Resigns After Seven Years

Edward McGee has resigned from his position as Chief Financial Officer of Grayscale after seven years with the company. His resignation, which took effect on July 2, 2026, is noted to be for personal reasons, with no stated disagreements with Grayscale's operations or practices. The firm appointed Kathryn Masci and Daniel Plourde as interim co-CFOs to fill the gap left by McGee.

Masci, who joined Grayscale in 2020, will also act as principal financial and accounting officer and serve on the board of managers. Daniel Plourde has been with the firm since 2022, bringing experience from Gabelli Asset Management and State Street Global Advisors. McGee's departure follows that of John Hoffman, Grayscale's managing director and head of distribution, who recently left to join Ondo Finance.

The leadership changes coincide with Grayscale's ongoing efforts to navigate market conditions, which have delayed its plans for a public offering. The firm had filed confidentially for a U.S. initial public offering in November 2025, but sources indicate that the IPO preparations have been paused and may not restart until the fourth quarter of 2026, largely influenced by an unfavorable market.

Founded in 2013 and owned by Digital Currency Group, Grayscale has played a significant role in connecting traditional financial markets with digital assets, particularly through its Bitcoin Trust (GBTC). This trust was converted into an exchange-traded fund (ETF) in January 2025 and previously managed around $28.5 billion in assets, though it currently oversees approximately $8.5 billion as competition from lower-fee ETFs grows.