Edward McGee has stepped down, following the recent exit of distribution head John Hoffman.
By Helene Braun|Edited by Nikhilesh De, Stephen Alpher Jul 9, 2026, 8:42 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Grayscale's CFO Edward McGee has left the company after a seven-year tenure, with Kathryn Masci and Daniel Plourde appointed as interim co-CFOs.
- This departure marks the second high-profile exit from Grayscale in a short span, following John Hoffman’s move to Ondo Finance.
- These leadership changes coincide with Grayscale's decision to postpone its plans for a U.S. IPO due to current market conditions.
Edward McGee, the chief financial officer at Grayscale, has resigned after a seven-year period with the crypto asset management firm, as indicated by a filing submitted to the U.S. Securities and Exchange Commission on Thursday.
His resignation, effective July 2, was attributed to personal reasons and was not a result of any "disagreement with the company or its operations, policies or practices," as per the filing.
Kathryn Masci and Daniel Plourde have been designated as interim co-CFOs. Masci will also take on the role of principal financial and accounting officer and will join the board of managers.
Having joined Grayscale in 2020, Masci most recently held the position of senior vice president of finance. Prior to that, she accumulated experience in finance and accounting at Garrison Capital, Pzena Investment Management, and Ernst & Young. Plourde, who became part of Grayscale in 2022, previously held senior roles at Gabelli Asset Management and State Street Global Advisors and also worked as assistant treasurer of the Grayscale Funds Trust.
This leadership shift follows the recent exit of John Hoffman, Grayscale's managing director and head of distribution and partnerships, who left to join Ondo Finance a few weeks ago.
The timing of these departures is significant as Grayscale has recently stalled its plans to go public. The Connecticut-based firm had confidentially filed for a U.S. initial public offering in November of the previous year. However, sources familiar with the situation have indicated that Grayscale has delayed its IPO efforts due to market conditions and is not expected to resume until the fourth quarter.
A representative from Grayscale previously declined to provide comments on the IPO timeline, referencing the SEC's quiet period. CoinDesk has reached out for additional comments regarding McGee's resignation.
Founded in 2013 and owned by Digital Currency Group, Grayscale has played a pivotal role in linking traditional finance with digital assets through its regulated investment products, particularly its Bitcoin Trust (GBTC), which transitioned into an exchange-traded fund (ETF) in January 2025. Previously, the fund managed approximately $28.5 billion in assets before its conversion to an ETF, but it now oversees around $8.5 billion, as lower-fee ETFs have drawn investor interest.
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Why it matters:
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
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