Grayscale Submits Confidential Draft Filing With The SEC, Signaling Plans To Go Public
2025-07-14 21:04:37
Main Idea
Grayscale Investments has submitted a confidential draft filing with the SEC, signaling plans for an initial public offering (IPO), following a series of significant developments including the conversion of its Bitcoin and Ethereum trusts into ETFs.
Key Points
1. Grayscale Investments submitted a confidential draft filing with the SEC, indicating plans for an IPO.
2. The company successfully converted its Grayscale Bitcoin Trust (GBTC) into a spot BTC ETF in January 2024 after a legal win against the SEC.
3. Grayscale also converted its Ethereum trust into an ETF in May 2024, with both products now holding a combined $24 billion in assets.
4. Grayscale has filed multiple applications with the SEC for funds based on altcoins like XRP, Solana (SOL), and Cardano (ADA).
5. Other crypto firms like Circle, Gemini, and Bullish have also pursued or are considering public listings, while Ripple's CEO has stated no interest in a U.S. IPO.
Description
Grayscale Investments has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC).
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