Crypto asset supervisor Grayscale Investments has introduced plans to go public.
In a Thursday assertion, the agency mentioned it had filed paperwork with the U.S. Securities and Trade Fee for a proposed preliminary public providing of its inventory on the New York Inventory Trade.
The agency added it could commerce beneath the ticker “GRAY.”
“The proposed providing is topic to market situations, and there could be no assurance as to whether or not or when the providing could also be accomplished or as to the precise dimension or different phrases of the providing,” a press release from Grayscale learn.
Grayscale Investments first signaled plans in July that it hoped to go public by submitting a draft registration assertion with the SEC. The agency operates fashionable spot Bitcoin and Ethereum ETFs in the US, together with trusts for a wide range of different belongings.
The agency manages round $35 billion in belongings, making it one of many largest crypto asset managers, and is a unit of Digital Foreign money Group.
Grayscale made headlines in 2023 when a federal choose decided to overturn the SEC’s resolution to block the agency from changing its Bitcoin belief right into a spot ETF—a win for the digital asset area that subsequently led to the 2024 approval of the massively fashionable crypto funds.
Quite a lot of prime crypto corporations have gone public this 12 months—or introduced plans to achieve this. Crypto trade Gemini, stablecoin issuer Circle, and institutional investor platform Bullish all debuted on U.S. inventory exchanges in 2025.
Editor’s word: This story was up to date after publication with further particulars.
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