Grayscale Investments CEO Michael Sonnenschein is resigning.#TheWallStreetJournalreports.

An important event, we are talking about the largest issuer of spot Bitcoin ETFs. Sonnenschein held his post for 10 years.

Peter Mintzberg, currently head of global strategy for Goldman Sachs' wealth and wealth management division, will become CEO of Grayscale in August. His 20-year career on Wall Street spans BlackRock, OppenheimerFunds and Invesco. He will also join the board of directors of #Grayscale.

The reasons for Sonnenschein's departure have not been reported. But replacing him with Mintzberg can hardly be called a minus for the company.