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

Grayscale, a leading cryptocurrency asset manager, has filed an S-1 registration statement with the SEC for a proposed initial public offering (IPO) of its common stock. As the market for crypto firms in the U.S. accelerates, Grayscale’s decision to pursue an IPO aligns with the trend of crypto-native companies seeking public listings. The filing does not yet specify the number of shares or pricing for the IPO, which will occur after SEC review and market conditions are evaluated. This move marks Grayscale’s shift from operating primarily as a digital asset manager—known for the Grayscale Bitcoin Trust (GBTC) and various crypto ETFs—into the public market arena, indicating ongoing institutional interest in cryptocurrencies. This follows successful public offerings earlier in the year by other companies such as Circle Internet Group and Bullish, emphasizing a broader acceptance and involvement of institutional players in the crypto space.

Source 🔗