Grayscale Confidentially Files for IPO



Grayscale Investments, known for its cryptocurrency investment products, has filed an initial public offering (S-1) with the SEC.

Grayscale Investments did not disclose details about its filing, including timing and structure. The company said its next steps will depend on the outcome of the SEC review and market conditions.

Filing confidential S-1s has become a common practice among companies that want to negotiate with the SEC without attracting public scrutiny.

With its IPO filing, Grayscale joins a wave of cryptocurrency companies hitting the public markets. Stablecoin issuer Circle IPOed in June, and its shares surged more than 120% on the first day. #btc# #eth# #xrp# #sol# #ltc#
XRP4.29%
PUMP-0.44%
GT-0.33%
BTC0.56%
ETH2.28%
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Deltaprovip
· 07-17 06:41
Spot Ethereum ETFs attracted a record $726 million during yesterday's session, sending ETH to $3,400.

The figure is almost on par with BTC ETFs ($799 million).
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