0:00
0:00
Subscribe to Bankless or sign in
The world’s largest digital asset manager has to publicly list "Class A" stock shares on the New York Stock Exchange under the ticker symbol GRAY, per an S-1 filing with the SEC. This listing is contingent on SEC approval.
What's the Scoop?
- AUM Leader:
Grayscale reported $35B in AUM as of September 30 and estimated a $365B total addressable market across its 45-asset product suite, which includes popular ETF products for BTC and ETH. - DCG Retains Control: The Grayscale IPO will adopt a dual-share structure. Parent company Digital Currency Group (DCG) will retain majority voting power with separate Class B shares, which confer no economic rights but have ten votes per share.
- Tax Optimized: Grayscale will use an Up-C structure to go public, a tax-advantaged structure that allows a company to go public while preserving the preferential tax status of the pre-IPO owners.
Grayscale publicly filed its S-1 with the SEC today and has applied to list on the New York Stock Exchange under the symbol GRAYhttps://t.co/nehaviYrfP
— Barry Silbert (@BarrySilbert) November 13, 2025
0
0
