Grayscale Files for IPO

BlockBeats News, November 13th, according to Bloomberg, U.S. digital asset management company Grayscale Investments Inc. has submitted a registration statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) for a publicly-traded fund. This makes it the latest cryptocurrency-related company to test the public markets in the U.S. amid a more crypto-friendly government stance. According to the filing submitted to the SEC on Thursday, the crypto asset management company posted revenue of $318.7 million and net income of $203.3 million for the nine months ended September 30.

In comparison, a year ago, revenue was $397.9 million and net income was $223.7 million. The company had secretly submitted its application for an initial public offering in July. With the end of the U.S. government shutdown, IPO activity is expected to pick up pace before the end of the year. Nevertheless, considering the required waiting period and holidays, there are only a few weeks left on the 2025 calendar for a potential IPO. The filing indicates that Grayscale currently manages around $35 billion in assets and has over 40 products with exposure to more than 45 different tokens.