Barry Silbert’s Grayscale is preparing for something new: Wall Street.
What’s happening:
- Digital asset management giant Grayscale has filed a Form S-1 with the United States Securities and Exchange Commission to IPO onto the New York Stock Exchange
- The IPO financing round will be led by Morgan Stanley and Bank of America Securities
Why it matters:
- Grayscale was the first company to ever successfully launch a publicly traded fund for both Bitcoin and Ethereum and has become one of the largest companies in the world for digital assets ETFs and investment products
Going deeper:
- Grayscale currently has more than $35B USD in assets under management and dozens of listed ETFs including the highly popular Grayscale Bitcoin Trust ETF (NYSE: GBTC) and the Ethereum Trust ETF (NYSE: ETHE)
