Bitoin ETF Issuer Grayscale Files to Go Public in New York

In a major update, Bitcoin ETF issuer Grayscale Investments has archived 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 public offering plan

It should be noted that Grayscale has filed a registration statement with Form S-1 with the Securities and Exchange Commission (SEC) of the United States. This presentation is part of its plan to launch an initial public offering.

The company has not yet announced how many shares will be offered or expected price range.

In particular, the timing will depend on market conditions and regulatory approvals. As disclosed, 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 are also involved in managing the process. Once approved, the shares will be made available through an official prospectus from these companies.

Grayscale is widely known for managing one of the largest Bitcoin ETF products. Their decision to go public shows how digital asset companies are pushing for more recognition in the financial market.

In 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 Grayscale’s move to file for an IPO comes as more crypto companies are gradually entering the public market.

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In May 2025, Circle, the company behind the USDC stablecoin, also filed for an IPOattract more investment.

Market observers believe that this wave of filings shows a growing push by crypto companies to build trust and attract more institutional support. First of all, the public debut could also bring more capital and attention to the crypto sector.

For example, as previously reported by U.Today, some experts, such as Wall Street manager Jordi Visser, say Bitcoin itself is entering an IPO phase as it gains wider acceptance. This means that more push towards IPOs for crypto-leaning companies will lead to more adoption of digital assets.

More importantly, for Grayscale, this offer marks an important step. It could help the company strengthen its position as a link between digital assets and traditional finance.