Analysis: Grayscale publicly filed for an IPO, betting on the future of digital assets and seeking compliance.

Odaily Planet Daily reports that Grayscale has publicly filed for an initial public offering (IPO), becoming the latest cryptocurrency-related company to test the waters of the public market amid a more open US government stance on digital assets. According to a filing with the US Securities and Exchange Commission on Thursday, the crypto asset management firm reported revenue of $318.7 million and net income of $203.3 million in the nine months ending September 30. This compares to $397.9 million in revenue and $223.7 million in net income a year earlier. The company had previously filed for listing privately in July. With the end of the US government shutdown, IPO activity is expected to accelerate before the end of the year. Even so, considering the waiting periods and holidays, only a few weeks remain on the 2025 calendar for potential IPOs. The filing shows that Grayscale currently manages approximately $35 billion in assets and offers more than 40 products, providing exposure to over 45 tokens.