CoinShares Bitcoin ETF: Sponsor CEO Jared Demark to resign effective Sept. 30
Jared Demark will stop serving as chief executive officer (principal executive officer) of CoinShares Co., the sponsor of the fund, effective September 30, 2024, after giving notice of his resignation. Jean-Marie Mognetti, CEO and co-founder of CoinShares International Limited, the sponsor's parent company, will become the sponsor's principal executive officer on that date. The filing does not state a reason for the resignation and does not describe any change to the fund itself.
- Jared Demark's resignation as CEO of CoinShares Co. takes effect September 30, 2024.
- Jean-Marie Mognetti will serve as principal executive officer of CoinShares Co. from September 30, 2024.
- Mognetti is CEO and co-founder of CoinShares International Limited, which is the parent company of the sponsor; he co-founded it in 2014.
- Before co-founding CoinShares, Mognetti was a quantitative trader at Hermes Commodities Fund Managers.