Grayscale "secret" submits IPO application to SEC amid Crypto market boom

Grayscale Investments, a major player in the digital asset industry, has quietly submitted registration application #IPO (initial public offering) to the U.S. Securities and Exchange Commission (SEC) in the form of "secret".

Golden timing for Crypto IPO

This move comes amid a euphoric digital asset market: Bitcoin surpassing $121,000 and many major crypto companies like Circle (CRCL) and eToro (ETOR) successfully IPOing with impressive growth. #Grayscale expects to list in 2025, depending on the approval timeline from the SEC.

Grayscale's position and legal impact

Grayscale currently manages over $33 billion in assets with more than 35 investment products, notably the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) that have converted into ETFs. Despite facing withdrawals due to high management fees, Grayscale remains a reputable brand and a "trailblazer" for spot Bitcoin ETFs in the U.S. following the successful lawsuit #SEC .

The timing of Grayscale's IPO is considered more favorable than previous companies, as the market has strong buying momentum and the legal environment is becoming clearer with important legislation being discussed in the U.S. Congress to create a crypto-friendly legal framework.