Grayscale Files for U.S. IPO on NYSE with GRAY Ticker

As per HashNews, Grayscale, a digital asset investment firm, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) as part of its process to go public on the New York Stock Exchange (NYSE) under the ticker GRAY. The company stated that the initial pricing will be determined by its Bitcoin Trust ETF and Ethereum Trust ETF through a directed share program. The Form S-1 filing is part of the IPO process but has not yet taken effect. SEC approval may take weeks to months. The submission occurred on the first day of SEC operations resuming after a 43-day government shutdown. While companies can still file during limited SEC operations, IPO approvals and investment tools like ETFs face delays. The public filing follows Grayscale's confidential IPO submission four months ago. According to the registration statement, the company's net revenue declined by approximately $20 million, from $223.7 million in September 2024 to $203.3 million in September 2025.