Michael Sonnenshein

Biography

As Managing Director at Grayscale Investors, Michael is in charge of upholding several of the firm’s key consumer relationships counting hedge funds, family offices, and other institutions as well as handling the growth of Grayscale’s single-asset and diversified digital currency products.

Preceding to joining Grayscale, Michael was a monetary advisor at JP Morgan Securities, covering HNW persons and institutions, and an analyst at Barclays Wealth, on condition that coverage to middle-market hedge funds and institutions. He became an associate of Investopedia's Financial Review Board. Michael was privileged in 2018 as one of Business Insider’s Rising Stars of Wall Street and supports as a member of the Grayscale Board of Directors, NYU Blockchain Association and CME Group Bitcoin Futures Council.

Education

Michael got his Bachelor of Business Administration from the Goizueta Business School at Emory University and his post-graduation of Business Administration from the University at New York named as Leonard N. Stern Business School.

Experience

Michael Sonnenshein is the administrator Director at Grayscale Investments, the world’s major digital currency asset supervisor. From side to side its family of 10 investment products, Grayscale delivers access and acquaintance to the digital currency asset class in the form of a traditional security short of the dares of purchasing, storing, and safekeeping digital currencies straight.

In this role, Michael supervises the daily operations and development of the business. Michael is accountable for maintaining several of the firm’s key client associations including family offices, hedge funds, and other institutions along with managing the expansion of Grayscale’s single-asset and expanded digital currency products.

Michael was honoured in 2018 as one of Commercial Insider’s Rising Stars of Wall Street and serves as an associate of the Grayscale Board of Directors, NYU Blockchain Association, and CME Group Bitcoin Futures Council.

The move arises amongst an astonishing bull run for cryptocurrencies that has seen Bitcoin hide $35,000 this week. The unexpected rise has helped Grayscale develop from $2 billion in assets under management at the beginning of 2020 to more than $20 billion at present.

The Pimco of crypto

Grayscale has fixed out a profitable niche for themself by wrap cryptocurrencies as shares in a trust, and then marketing those stocks to wealthy persons and institutions, specific of which face legal difficulties holding crypto openly. Those who buy shares in the trust can sell them to the common public in near future, frequently for a healthy mark-up.

In current years, Sonnenshein has played an essential role in carrying in new investors and expanding Grayscale, contributing from a single Bitcoin trust to 10 unlike offerings. In an interview with Fortune, Sonnenshein mentioned that he plans to present more new products in the coming year and to additional found Grayscale as a brand.

Grayscale has extended attention in the former year owing to a national TV advertising campaign that applauded investors to “drop gold” in support of Bitcoin. The corporation has also originated special traction with millennials. Rendering to a 2019 survey by Charles Schwab, Grayscale’s Bitcoin trust was between that group’s five most prevalent stock choices, gaining acquainted names like Netflix.

In January 2021, he became the Chief Executive Officer at Grayscale Investments. As CEO, Sonnenshein is predictable to director Grayscale's strategic direction and support scale the business. As part of that determination, the company guesses to double its staff in 2021, as well as roll out new investment yields.