Grayscale Files for NYSE IPO as Crypto Companies Rush to Go Public Under Trump
Grayscale Investments, the largest crypto asset manager in the United States, has officially filed to go public on the New York Stock Exchange.
The company submitted its IPO paperwork on November 13, 2025, seeking to list under the ticker “GRAY” in what represents the latest sign of growing crypto IPO momentum under President Trump’s business-friendly administration.
According to its S-1 filing with the Securities and Exchange Commission, Grayscale manages approximately $35 billion in assets as of September 30, 2025. The company has identified a total addressable market worth $365 billion for its suite of products covering 45 different crypto assets, including Bitcoin and Ethereum.
A Wave of Crypto IPOs Under Trump
Grayscale’s…
