Crypto Asset Manager Grayscale Files for IPO in the U.S.
Summary
Grayscale Investments, a prominent cryptocurrency asset manager known for converting its Grayscale Bitcoin Trust (GBTC) and other vehicles into ETFs, has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock. The filing indicates that the number of shares and the proposed price range are yet to be determined, with the offering contingent upon SEC review and market conditions. This move aligns with a trend of crypto-native firms pursuing U.S. public listings, following recent IPOs by Circle Internet Group and Bullish.
(Source:CoinDesk)