Grayscale Investments Files for NYSE IPO Amid Crypto Market Evolution
Grayscale Investments took a decisive step toward public markets with its S-1 filing to list Class A shares on the NYSE under ticker GRAY. The MOVE comes four months after confidential submission and during a pivotal regulatory window—the SEC's first operational day following a 43-day government shutdown.
Financial disclosures reveal $203.3 million net income for the nine months ending September 2025, marking an 8.6% decline from the $223.7 million reported during the comparable 2024 period. This contrasts with Gemini's successful Nasdaq debut in September, while rivals like Ripple maintain private status.
The filing signals institutional confidence in digital assets under a crypto-friendly administration. Market observers note the timing capitalizes on resurgent Bitcoin ETF demand and regulatory clarity emerging post-shutdown.
