Crypto asset manager Grayscale files confidentially for US IPO
(Bloomberg) — Grayscale Investments LLC (GBTC) has filed confidentially for a US initial public offering, the latest cryptocurrency-related company to tap public markets with digital assets led by Bitcoin hitting record highs.
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The crypto asset manager on Monday announced that it had submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission. The number of shares to be registered as well as the price range have not yet been determined, the company said.
Founded in 2013, Grayscale launched the first publicly-traded Bitcoin fund and the first Ethereum investment fund. The company now has more than $33 billion in assets under management and more than three…
