Grayscale publicly files for IPO, betting on the future of digital assets and seeking compliance

Jinse Finance reported that Grayscale has publicly filed for an initial public offering, becoming the latest crypto-related company to test the public markets as the US government adopts a more open stance toward digital assets. According to documents submitted by the company to the US Securities and Exchange Commission on Thursday, the crypto asset management company generated $318.7 million in revenue and $203.3 million in net income during the nine months ended September 30. In comparison, revenue was $397.9 million and net income was $223.7 million a year earlier. The company had secretly filed for listing in July. With the end of the US government shutdown, IPO activity is expected to accelerate before the end of the year. Even so, considering the required waiting period and holidays, there are only a few weeks left on the 2025 calendar for potential initial listings. The documents show that Grayscale currently manages about $35 billion in assets and offers more than 40 products, providing exposure to over 45 tokens.