Crypto Asset Manager Grayscale Files for IPO in the U.S.

Grayscale, a prominent cryptocurrency asset manager known for its Grayscale Bitcoin Trust (GBTC) and crypto ETFs, has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). The specific number of shares and price range for the stock offering have yet to be determined, with the process contingent upon SEC review and market conditions. This move signifies a growing trend among crypto-native companies to enter U.S. public markets, following earlier public listings by Circle Internet Group and Bullish, reflecting increased institutional interest in the crypto sector. Grayscale's potential IPO marks a significant step for the digital asset management industry, positioning the company as one of the largest entities pursuing public listing in this space, especially as institutional engagement continues to rise.

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