Crypto Asset Manager Grayscale Files for IPO in the U.S.
Grayscale Investments, the company behind the Bitcoin Trust ETF (GBTC) and CoinDesk Crypto 5 ETF (GDLC) among other exchange traded funds, filed to sell shares on the New York Stock exchange, joining the wave of crypto companies that have become publicly traded this year.
The company, a subsidiary of crypto-focused venture capital firm Digital Currency Group (DCG), filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) on Thursday. The number of shares and proposed price range for the offering has not yet been determined. DCG would retain control of the company after the listing, according to the document.
The Stamford, Connecticut-based asset manager was at the forefront of the long march toward getting…
