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

Grayscale has filed an S-1 with the SEC for a proposed initial public offering (IPO) of its common stock, marking a significant step as crypto companies look to enter U.S. public markets. The company has not yet determined the number of shares or price range for the IPO, which will proceed after SEC review and relevant market conditions. Grayscale CEO emphasized the firm's readiness to convert its crypto investment products, like the Grayscale Bitcoin Trust, into exchange-traded funds (ETFs). This IPO follows earlier public listings by other crypto-native companies including Circle Internet Group and Bullish. Grayscale’s push for an IPO underlines the ongoing institutional interest in the cryptocurrency sector, particularly as more firms seek public registration.

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