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Crypto asset manager Grayscale Investments has announced plans to go public. In a Thursday statement, the firm said it had filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering of its stock on the New York Stock Exchange.
The firm added it would trade under the ticker (GRAY). “The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or other terms of the offering,” a statement from Grayscale read.Â
Grayscale made headlines in 2023 when a federal judge decided to overturn the SEC’s decision to block the firm from converting its Bitcoin trust into a spot ETF—a win for the digital asset space that subsequently led to the 2024 approval of the hugely popular crypto funds. A number of top crypto companies have gone public this year—or announced plans to do so. Crypto exchange Gemini, stablecoin issuer Circle, and institutional investor platform Bullish all debuted on U.S. stock exchanges in 2025.
