Michael Sonnenshein

Michael Sonnenshein is the former CEO of, an American asset management company and a subsidiary of that provides market insight and crypto asset management services. He resigned from the company in May 2024 to pursue other interests. [1][3][11]


Michael Sonnenshein earned his Bachelor of Business Administration (BBA) from the Goizueta Business School at Emory University and his Master of Business Administration (MBA) from the Leonard N. Stern School of Business at New York University. [1]


Before joining , Michael Sonnenshein served as an Analyst at Bank of America (2008-2009). He then served as an Analyst at Barclays Wealth (2009-2011), providing coverage to middle‐market hedge funds and institutions. He also worked as a financial advisor at JP Morgan Securities (2011-2014), covering HNW individuals and institutions. [1][2]

Grayscale Investments

Michael Sonnenshein joined , an American asset management company and a subsidiary of in January 2014 as an Account Executive. In 2015, he became the Director of the company until 2017. He became the Managing Director of in 2018 and was responsible for maintaining relationships with the firm’s various service providers as well as overseeing the sales of the Bitcoin Investment Trust (symbol: GBTC), Ethereum Classic Investment Trust, and Zcash Investment Trust. [3][1]

In January 2021, Michael became the CEO of . [1][3]

“As CEO, Sonnenshein will set the strategic direction of the firm, scale Grayscale’s business by investing in its people and operational capabilities, and expand the ability of investors to access the digital currency asset class,” - the company said in a public statement about the role shift. [8]

Under Michael's leadership, the firm has become a prominent player in investing, offering a variety of investments like single-asset and diversified products. [3][1]

In June 2022, the Securities and Exchange Commission (SEC) denied Grayscale's request to convert Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), citing concerns about market manipulation, lack of oversight over cryptocurrencies, and the risk of price fixing. The denial prompted Grayscale to sue SEC on the 29th of June, 2022. [5][7]

“Grayscale supports and believes in the SEC’s mandate to protect investors, maintain fair, orderly, and efficient markets and facilitate capital formation – and we are deeply disappointed by and vehemently disagree with the SEC's decision to continue to deny spot bitcoin ETFs from coming to the U.S. market.” - Grayscale CEO Michael Sonnenshein said in a statement. [6]

During the court proceedings held on March 7, 2023, the panel of appeals court judges questioned the U.S. SEC's logic in drawing a distinction between spot market prices and futures market prices. The judges' apparent skepticism of the SEC's position sent GBTC higher by 5%.[9][10] Following the court proceedings, Grayscale tweeted:

"We're glad to have had the opportunity to present our case. We look forward to the court’s final decision, and strongly believe that American investors deserve to have equal access to the #Bitcoin ETF product that best suits their needs"


Awards & Honors

Michael Sonnenshein was honored in 2018 as one of Business Insider’s Rising Stars of Wall Street and serves as a member of the Grayscale Board of Directors, CME Group Bitcoin Futures Council, and NYU Blockchain Association. [4]

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Michael Sonnenshein

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Edited On

June 7, 2024

Reason for edit:

updated page with news on resignation


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