Ramona Boston
About Ramona Boston
Ramona Boston serves as Chief Marketing Officer at Grayscale (the sponsor of ETHE), appointed as part of a management expansion announced on August 4, 2025; she reports to CEO Peter Mintzberg . She joined from Apollo Global Management, where she was Global Head of Client Marketing and built full-scale strategic marketing functions for global wealth and institutional channels . ETHE filings reviewed do not disclose her age, education, tenure dates, or performance metrics such as TSR, revenue growth, or EBITDA growth for attribution to her role .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Apollo Global Management | Global Head of Client Marketing | Not disclosed | Built full-scale strategic marketing functions for global wealth and institutional channels |
External Roles
No external directorships or board roles for Ramona Boston are disclosed in ETHE filings reviewed .
Fixed Compensation
No compensation data specific to Ramona Boston (base salary, target/actual bonus, equity grant fair values) is disclosed in ETHE filings reviewed. The August 4, 2025 Item 5.02/press release announcing her CMO appointment includes no compensation terms, and the 2025 DEF 14A is a consent solicitation on trust amendments rather than an executive compensation proxy .
Performance Compensation
No disclosures found tying Boston’s incentives to performance metrics (e.g., revenue growth, EBITDA, TSR, ESG) or detailing weighting/targets/payouts/vesting in ETHE filings reviewed .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership (ETHE shares) | Not disclosed for Ramona Boston in ETHE filings reviewed |
| Ownership as % of outstanding | Not disclosed; DEF 14A notes to the Sponsor’s knowledge no person owns more than 5% as of Sept 2, 2025 record date (130,168,500 shares outstanding) |
| Vested vs unvested shares, options | Not disclosed |
| Shares pledged as collateral | Not disclosed |
| Stock ownership guidelines/compliance | Not disclosed |
Employment Terms
No employment agreement or Item 5.02 disclosure detailing Boston’s severance, change-in-control, vesting acceleration, clawbacks, non-compete or non-solicit terms appears in ETHE filings reviewed. The Aug 4, 2025 8-K/press release names her appointment but contains no contractual economics; other contemporaneous 8-Ks cover board changes and do not detail her terms .
Performance & Track Record
- Prior experience: Built global wealth and institutional marketing capability at Apollo Global Management (Global Head of Client Marketing) .
- Organizational scale context: Grayscale cited more than $35 billion AUM across more than three dozen products at the time of the August 2025 management expansion (context for scope, not a measure of her individual performance) .
Investment Implications
- Alignment and retention visibility limited: ETHE documents provide no disclosure of Boston’s compensation structure, equity ownership, or employment protections, limiting analysis of pay-for-performance alignment, insider selling pressure, or retention risk signals .
- Execution leverage likely marketing-led: Her background suggests focus on institutional and wealth marketing buildouts; however, with no disclosed incentive metrics/payouts, investors cannot assess how marketing milestones or asset growth tie to compensation outcomes .
- Governance/process note: ETHE’s 2025 DEF 14A centered on staking and amendment proposals for the trust; it did not provide traditional executive compensation or ownership tables, reinforcing that the trust structure may limit executive-level disclosures compared to operating companies .