⚡️Grayscale quietly filed for an IPO – A market hit that has the crypto world buzzing.

🚨 Amid the explosive growth of the cryptocurrency market and strong support from the US government, Grayscale - the giant managing over $33B in assets has quietly submitted Form S-1 to the SEC under the confidential filing mechanism. They have not disclosed the number of shares, price range, or timing of the public listing. Confidential filing allows Grayscale to negotiate privately with the SEC, optimizing their strategy before going public.

It seems that after the unexpected success of Circle (, the stock price increased by over 500% after going public ), Grayscale also FOMO by quickly filing for an IPO. The timing is also very good, right when the US government is most "open-handed" with crypto, the Crypto Week event with 3 crypto-friendly bills being presented in the House of Representatives and Bitcoin reaching its historical peak.

💭 Grayscale's goal is very clear: to transition from the (trust) model to a public company, expand the fundraising channels, and importantly, to have liquidity and good prices to unload internal shares before the end of the bull run.