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In a major update, Bitcoin ETF issuer Grayscale Investments has filed to go public in New York. The company, known for its pioneering role in digital asset management, plans to list its Class A shares on the New York Stock Exchange under the ticker symbol "GRAY."
Grayscale’s public offering plan
It is worth mentioning that Grayscale filed a registration statement using Form S-1 with the U.S. Securities and Exchange Commission (SEC). This filing is part of its plan to launch an initial public offering.
The company has not yet stated how many shares will be offered or the expected price range.
Notably, the timing will depend on market conditions and regulatory approval. As revealed, Morgan Stanley, BofA Securities, Jefferies and Cantor will act as lead managers for the offering.
Other banks, such as Wells Fargo, Canaccord Genuity, Piper Sandler and Needham & Company will also take part in managing the process. Once approved, the shares will be made available through an official prospectus from these firms.
Grayscale is widely known for managing one of the biggest Bitcoin ETF products. Its decision to go public shows how digital asset firms are pushing for more recognition in the financial market.
By listing its stock, Grayscale intends to reach traditional investors who want regulated access to the growing crypto space.
Growing Interest in Crypto IPOs
It is important to mention that the move by Grayscale to file for an IPO comes as more crypto companies gradually entered the public market.
In May 2025, Circle, the company behind the USDC stablecoin, also filed for an IPO, attracting more investment.
Market watchers believe that this wave of filings shows a growing push by crypto firms to build trust and attract more institutional backing. Per precedence, the public debut could also bring more capital and attention to the crypto sector.
For example, as reported earlier by U.Today, some experts, like Wall Street manager Jordi Visser, say Bitcoin itself is entering an IPO phase as it gains wider acceptance. This means that more push towards IPO for crypto-leaning companies will bring about more adoption of digital assets.
More importantly, for Grayscale, this offering marks an important step. It could help the company strengthen its position as a link between digital assets and traditional finance.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team