The crypto asset manager Grayscale plans to file a registration statement with the SEC that could lead to its shares being listed on US exchanges, according to a senior official.
Grayscale declined to provide specific details about the proposed registration, including the number of shares or planned price range.
The filing comes as IPO activity in the US has surged, with aggregate proceeds hitting $15.7 billion in 2024 (up 103% from 2022).
The market has seen several cryptocurrency companies recently complete or announce public listings.
Grayscale offers exchange-traded funds tracking Bitcoin, Ethereum, and other digital assets and has submitted multiple SEC filings for additional products based on “leading altcoins.”
- The asset manager’s planned public listing follows a broader US market trend.
- Grayscale provides multiple cryptocurrency-focused ETFs to investors.
