Grayscale Files for NYSE Listing Amid Crypto Industry’s Public-Market Push

Grayscale Investments has taken a step toward becoming a publicly traded company, filing to sell shares on the New York Stock Exchange as crypto firms accelerate their move into U.S. equity markets.

The Stamford-based asset manager, known for products such as the Grayscale Bitcoin Trust and the CoinDesk Crypto 5 ETF, submitted an S-1 registration to the Securities and Exchange Commission. The filing did not specify the number of shares or a price range, though parent company Digital Currency Group plans to retain control after the listing.

Grayscale has played a central role in the development of spot bitcoin ETFs in the United States, even suing the SEC after its initial application to convert its flagship trust was rejected. The company highlighted its position in providing structured exposure to digital assets as interest in crypto-linked financial products expands.

The planned listing follows recent IPOs from stablecoin issuer Circle and crypto exchange Bullish.

Grayscale reported US$203 million in net income for the first nine months of the year, down slightly from 2024, with revenue falling to $318.7 million.