Grayscale is one of the biggest ETF companies in the world. And they’re looking to go public next.
What’s happening:
- Asset management company Grayscale has officially filed an S-1 with the United States Securities and Exchange Commission to IPO on a major stock exchange in America
Why it matters:
- Grayscale is one of the single largest ETF companies in crypto, with tens of billions of dollars in assets under management
Going deeper:
- Grayscale also just recently made waves when they filed for an approval to list a quantum computing ETF, which marks their first foray ever into providing exposure to publicly listed quantum computing companies
- Crypto companies have been racing to go public in the United States lately, including Peter Thiel backed digital asset exchange Bullish filing for an IPO and Cameron and Tyler Winklevoss’s trading platform Gemini also confidentially filing for an IPO
The fine print:
- Both the pricing and the valuation of Grayscale’s IPO is still unknown and has not been disclosed publicly
