Grayscale Considers Going Public with Secretive SEC Submission

In the midst of the booming cryptocurrency bull market, many industry companies are planning to go public in the U.S. The latest company to consider this route is Grayscale Investments, which recently submitted a confidential draft registration statement on Form S-1 to the SEC in preparation for public trading.

The specific number of shares and the proposed price range have not yet been determined and the registration will only proceed after the SEC finishes its review process. If the SEC approves this registration, Grayscale will join Coinbase and Circle, which have already gone public. This move comes amidst an upswing in the crypto market, with Bitcoin's price reaching new highs.