# Grayscale Files for Public Listing on New York Stock Exchange

*Author: Jack Inabinet*
*Published: Nov 13, 2025*
*Source: https://www.bankless.com/read/news/grayscale-files-for-public-listing-on-new-york-stock-exchange*

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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 GRAY[https://t.co/nehaviYrfP](https://t.co/nehaviYrfP)— Barry Silbert (@BarrySilbert) [November 13, 2025](https://twitter.com/BarrySilbert/status/1989007176103309601?ref_src=twsrc%5Etfw)
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