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![NikMilanovic Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::174137479.png) Nik [@NikMilanovic](/creator/twitter/NikMilanovic) on x 29.6K followers
Created: 2025-07-15 22:45:00 UTC

🚀 Grayscale Files Confidentially for U.S. IPO

📅 Filing Date: July 14, 2025

What happened:

@Grayscale Investments, which manages over $XX billion across 35+ crypto investment products, submitted a confidential S‑1 registration statement to the SEC, signaling plans for a U.S. initial public offering .

🏛️ Why confidential?

 By filing confidentially, Grayscale can work with regulators behind the scenes and delay public disclosure of key IPO details—such as share count, pricing, and financials—until closer to the listing date 

📈 Market timing & context

The filing comes amid a surge in Bitcoin’s price—trading above $XXXXXXX (peaking around $123,000) 

Investor optimism is fueled by Washington’s current “crypto week,” featuring three significant bills aimed at increasing regulatory clarity for digital assets

🏛️ Regulatory backdrop

The Trump administration is taking a crypto‑friendly approach, with SEC Chair Paul Atkins making moves toward clearer regulations Reuters.

Earlier SEC rejections of Grayscale’s spot‑Bitcoin ETF were overturned via court action, paving the way for their ETF approval in early 2024 

📊 Wider IPO environment

Grayscale joins other crypto companies like @Circle (already public), @Gemini, @Bullish, @eToro, and @GalaxyDigital in the IPO queue—indicative of a broader industry trend toward public listings.

@twifintech @thestablecon


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945253291501478042/c:line.svg)

**Related Topics**
[primary market](/topic/primary-market)
[sec](/topic/sec)
[investment](/topic/investment)
[$33billion](/topic/$33billion)
[happened](/topic/happened)
[ipo](/topic/ipo)
[files](/topic/files)
[nik](/topic/nik)

[Post Link](https://x.com/NikMilanovic/status/1945253291501478042)