Grayscale Investments, the firm behind the Bitcoin Trust ETF, has filed for an initial public offering on the New York Stock Exchange. The company submitted an S-1 form to the SEC, though the number of shares and price range are still undecided. Grayscale, owned by Digital Currency Group, would remain under DCG’s control after the listing.
The filing comes as more crypto firms pursue U.S. public listings. Grayscale reported $203 million in net income for the first nine months of 2025, with assets under management reaching about $35 billion.
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