Grayscale Joins Crypto IPO Wave with SEC Submission

Grayscale Investments has entered the pipeline for a public listing, filing confidential IPO paperwork with the SEC amid a resurgence in crypto-related stock offerings.

The Monday announcement did not specify share volume or valuation, keeping financials private per SEC rules for preliminary filings. Grayscale’s move follows a banner year that saw its Bitcoin and Ethereum trusts convert into ETFs, collectively managing over $30 billion as crypto prices soared.

The filing reflects Wall Street’s renewed appetite for crypto under the Trump administration, coming weeks after Circle’s NYSE debut and filings from Gemini and Bullish.