Grayscale, a cryptocurrency-focused asset manager, has made a significant move towards an initial public offering (IPO) in 2025 by filing a confidential application with the SEC.
Confidential IPO Filing
Grayscale has officially announced the filing of a confidential Form S-1 for an IPO with the SEC on July 14. Details regarding the number of shares and price range have not yet been disclosed. The registration process will continue following SEC review, depending on market conditions and other factors.
Context of Cryptocurrency IPOs
This filing coincides with the reopening of the process for listing cryptocurrency companies on Wall Street under the Donald Trump administration. If approved, Grayscale will join Coinbase and Circle as one of the major cryptocurrency firms going public in this cycle.
Future IPO Expectations
Experts expect Ripple to file for an IPO after Grayscale, but they consider Ripple a 'long-term' candidate for going public.
Grayscale's IPO filing highlights the ongoing changes in the cryptocurrency landscape and the renewed interest in public offerings within this sector.
