With the IPO approaching, Grayscale founder Barry Silbert returns to serve as chairman of the board.

On August 5, The Block reported that Grayscale Investments announced four executive appointments and welcomed back founder Barry Silbert as chairman of the board after submitting a confidential IPO application. The newly appointed executives include: Chief Operating Officer Diana Zhang, Chief Marketing Officer Ramona Boston, Chief Communications Officer Andrea Williams, and Chief Human Resources Officer Maxwell Rosenthal. All four executives will report to Grayscale CEO Peter Mintzberg and come from TradFi giants, including Bridgewater Associates, Apollo Global Management, Goldman Sachs, and Fortress Investment. Barry Silbert founded Grayscale in 2013 and stepped down as chairman at the end of 2023; he will succeed Mark Shifke as chairman of the board, while Shifke will remain on the board, which has now expanded to five members. The company stated it is considering adding independent directors. Barry Silbert stated, "I am honored to rejoin the Grayscale board at a critical moment for the company and the broader digital asset ecosystem. I have always believed in the company’s long-term positioning and the leadership team that drives it forward."