Grayscale made a confidential presentation of registration declaration before the SEC.
Now, the application comes into the process of review by the Securities Regulator.
Grayscale, Cryptocurrency Specialized Assets Manager, took a key step towards his IPO by confidentially presenting a draft declaration of registration through Form S-1 before the United States stock and values commission (SEC).
This document marks the beginning of a process that could allow the company to offer its own shares in the public market.
After the presentation, the Grayscale application now enters a review phase by the SEC. The company indicated that the number of actions to be registered and the proposed price range are not yet defined, and the public offer will be subject to regulatory approval, as well as to market conditions and other factors, says a release of the company.
Confidential presentations, such as that made by Grayscale, allow companies Prepare your Ipartless without immediately disseminating financial details sensitive, offering flexibility while working with the regulator to meet the requirements.
Grayscale stands out as one of the main global cryptoactive managers, with products such as the Grayscale Bitcoin Trust (GBTC) and the Ethereum Trust (ETHE), both converted into funds quoted in the stock market (ETF) in which in 2024.
This move towards a public offer is produced in a favorable context for digital assets, with the price of Bitcoin reaching a historical record of $ 123,000 this Monday, reflecting a strong bullish impulse in the market.
In addition, the Grayscale initiative is aligned with a growing interest of companies in the cryptocurrency sector to access public markets. An example is Circle, a USDC stablecoin station, which debuted on Wall Street on June 5, as cryptootics reported.
At the same time, the announcement coincides with the “cryptocurrency week” in Washington, where legislators three bills will discuss to establish clear standards for the industryprotect consumers, strengthen the country’s technological and financial leadership at global level, a key factor for the future of companies such as Grayscale.
