May 20 (Reuters) - Grayscale Investments on Monday said it has appointed

Goldman Sachs ( GS ) executive Peter Mintzberg as its Chief Executive Officer,

effective mid-August, weeks after the digital asset manager withdrew its

application for Ethereum futures ETF.

Mintzberg succeeds Michael Sonnenshein, who has stepped down from the

position to pursue other interests, the company said.

Grayscale is known for offering crypto investment products, including

exchange-traded funds that allow shareholders to gain exposure to

cryptocurrencies like bitcoin without holding it.

It withdrew its proposal for an exchange-traded fund tied to ether futures

earlier this week after applying in September, shortly before the other ether

futures ETFs began trading.

Chief Financial Officer Edward McGee, who has also been appointed principal

executive officer, will take over CEO responsibilities until Mintzberg takes

over in August.

Mintzberg will join Grayscale from Goldman Sachs ( GS ), where he is the Global

Head of Strategy for Asset and Wealth Management. Before that, he held several

global leadership roles in Strategy, Mergers & Acquisitions and Investor

Relations at BlackRock, OppenheimerFunds, and Invesco.