Grayscale Investments said he confidentially presented a draft of the S-1 registration declaration to the United States Securities and Securities Commission (SECOND)A presentation that indicates plans for an initial public offer (IPO).
The asset manager owned by the Barry Silbert digital currency group did not reveal the details of the presentation and said that the record is expected to take place after the SEC completes its review process, subject to the market and other conditions, according to a press release.
Confidential presentations allow companies to negotiate with the agency behind closed doors before revealing their plans. It is a common tactic to measure regulatory feedback while maintaining competitive details out of public view until a launch is ready.
The movement adds gray scale to the number of growing companies that are aligned to make their companies public as the digital asset market is heated, with Bitcoin
Hit new maximums of all time.
Stablecoin emitter circle (CRCL) He made his public debut in early June, and the shares have increased more than 500% since then. A few weeks before that, the Etoro Shares Commerce application (ETOR) He also made the movement. Your shares are now 10% higher.
While Circle and Etoro reached the market during challenging macroeconomic times due to tariff discussions led by President Donald Trump, both debuted in higher assessments of the expected, which suggests a renewed interest in digital assets as US legislators approach the most clear rules for cryptographic companies, especially the emitters of kidnapping.
Grayscale’s proposal, in contrast, arrives at a time of bullish impulse for cryptographic assets. The price of Bitcoin, the largest cryptocurrency per market value, is reaching high records almost daily. The Token is currently quoted at $ 121,728, 30% until the year to date, and simply exceeded gold as the best asset of the year.
Grayscale is one of the largest cryptographic asset administrators. Its main products are trusts and funds quoted in exchange (ETF) Like his badsale Bitcoin Trust bad (GBTC) and Ethereum Trust (Ethe)that became ETF in January last year. The two only have a combined asset of $ 24 billion under administration.
Both have suffered great exits since their conversion because the asset manager charges a higher rate for their products than competitors, which makes it more expensive for investors to buy and maintain the product.
However, many believe that the gray scale is one of the reasons why Bitcoin Spot ETFs were approved to begin after a legal fight against the SEC in its SPOT Bitcoin ETF application, which finally leads to the approval of several Bitcoin ETFs.
UPDATE (July 14, 13:25 UTC): Change the lead photo.
UPDATE (July 14, 13:48 UTC): Add IPO recent in the fifth paragraph, gray scale products, back from the eighth.
