🚨 Grayscale Files for IPO, Marking a Major Shift for Crypto Asset Managers!

[{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Grayscale Investments has filed to go public, marking one of the most notable Wall Street moves by a cryptocurrency-related asset management firm this year."}]},{"type":"list-item","children":[{"text":"The company has filed a confidential draft IPO with the US Securities and Exchange Commission, according to a notice dated November 13, 2023."}]}]},{"type":"heading-two","children":[{"text":"Grayscale's IPO Shows a Common Trend Among Crypto Companies in 2025"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The filing marks "},{"type":"link","url":"https://vn.beincrypto.com/grayscales-filecoin-fil-holdings-hit-record-high/","children":[{"text":"Grayscale's planned transition"}]},{"text":" from private ownership to a public listing."}]},{"type":"list-item","children":[{"text":"The company manages tens of billions of dollars in Cryptoasset through multiple trusts and ETFs, including its flagship Bitcoin product. The offering will depend on market conditions and regulatory approval, the company said."}]},{"type":"list-item","children":[{"text":"The move comes after months of speculation when Grayscale first filed its draft S-1 security in July 2023. The company had not disclosed a timetable at that time, but today's confirmation suggests the plan has been accelerated. Market analysts had predicted the earliest possible listing date would be late 2025 or early 2026."}]},{"type":"list-item","children":[{"text":"Estimates from industry analysts range, with an expected value between $30 billion and $33 billion."}]},{"type":"list-item","children":[{"text":"The IPO reflects a more favorable regulatory environment for Cryptoasset managers in the United States. "},{"type":"link","url":"https://vn.beincrypto.com/grayscale-makes-a-bold-bet-and-its-not-on-bitcoin-or-ethereum/","children":[{"text":"The conversion of Grayscale’s Bitcoin Trust into an ETF"}]},{"text":" has boosted investment Capital and cemented its presence in the public markets. The company now appears to be capitalizing on this to grow further."}]},{"type":"list-item","children":[{"text":"However, there are still major hurdles. The influence of parent company Digital Currency Group could weigh on investor sentiment as the filings progress."}]},{"type":"list-item","children":[{"text":"Today's news adds to "},{"type":"link","url":"https://vn.beincrypto.com/gemini-ipo-draws-massive-demand-caps-proceeds-at-425-million/","children":[{"text":"a wave of listings in the crypto space"}]},{"text":" , including Gemini, Circle , and Bullish."}]}]},{"type":"paragraph","children":[{"text":"However, Grayscale's size makes this filing the most notable, with investors now awaiting official details of the S-1 and regulatory response in the coming months."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"Grayscale","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"IPO","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CryptoIPO","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" #$"}]},{"type":"paragraph","children":[{"text":""}]}]