Grayscale is the last cryptocurrency company to search an IPO in the US

By Hannah Pérez

The administrator confidentially introduced a draft declaration of IPO registration before the regulators of the United States. No details were provided. Circle became public last month and Gemini seeks to do the same.

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• Grayscale presents an S-1 draft confidentially before the SEC.
• It seeks to be public in the United States, and joins the line of others with the same plans.
• Circle threw himself to the New York Stock Exchange after an IPO successful last month.
• Grasycale offers investment and ETF products of cryptocurrencies.

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The asset administrator Grayscale Cryptocurrency companies have joined that they seek to become public in the United States, in the midst of a more favorable regulatory context with the Donald Trump administration.

In a press release this Monday, Grayscale announced the confidential presentation of a draft declaration of registration S-1 before the US stock and securities commission (sec), a document that indicates plans for an initial public offer (IPO).

The company owned by Digital Currency Group Barry Silbert did not reveal details of the presentation, such as the amount of actions that will be offered, valuation objective and the moment of price. He said in the statement that the registration is expected to be carried out after the SEC completes its revision process, subject to market and other conditions.

According to SEC rules, companies that submit confidential requests can maintain confidential financial details outside the public’s view until they decide to move forward with an offer, generally revealing the prospect for 15 days before a tour begins, he shared The Block.

An IPO is the process through which a private company offers its actions to the public for the first time in a stock market. This makes the company a public company and allows it to raise capital through the sale of shares to institutional and retail investors. In the United States, this process requires the approval of the SEC.

Grayscale It joins the line to become public in the US.

Founded in 2013, Grayscale Investments It is an American asset management company specialized in cryptocurrency, mainly known for offering investment products that allow investors to obtain assets such as assets such as Bitcoin.

Last year, the administrator converted two of her main trusts with exposure to Bitcoin (BTC) and Ethereum (Eth) in funds quoted in the stock market (ETF) in cash after regulatory approval. Since then, the company has launched other ETFs of cryptocurrencies while requesting permission from the SC to convert other trusts.

Among them, Grayscale seeks to convert its great capitalization fund –composed of BTC, eth, XRP, Solarium (Sun) and Cardano (ADA)– In an ETF al cash, and has threatened to sue the SEC due to delays in the launch of said product.

IPO’s confidential record adds to Grayscale To the growing number of cryptocurrency companies that row to get their business with USo as the digital asset market enters a new upward cycle. BTC broke a new historical maximum of USD $ 123,000 on Monday early.

Last month, the issuer of Stablecoins Behind USDC, Circle Internet Grouphe had a successful debut in the New York Stock Exchange, with the price of his CRCL shares up more than 200% in the launch. The platform ETORO He had arrived shortly before the market, marked for a difficult macro moment due to the commercial discussions led by President Trump.

Gemini and Bullish They are also cryptocurrency companies that have requested recently public offers.

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Hannah Estefanía Pérez / Diariobitcoin

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