Grayscale Submits Confidential IPO Filing to SEC as Bitcoin Tops $120K
Grayscale, a leading crypto-focused asset manager, has confidentially submitted documents to the U.S. Securities and Exchange Commission (SEC), Reuters reported on Monday.
The firm has potential plans for a public listing, as the asset manager positions itself to capitalize on renewed investor optimism and regulatory momentum in the United States.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) July 14, 2025Grayscale files confidentially for US IPO with SEC. pic.twitter.com/jz23aPeSjL
This development comes as Bitcoin has surged past the $120,000 mark for the first time, buoyed by institutional interest and growing integration of digital assets into mainstream finance.
While Grayscale has not disclosed details of its SEC filing, the confidential submission reflects rising expectations that regulatory clarity may unlock new avenues for crypto firms seeking access to public markets.
Washington’s Crypto Week Drives Market Optimism
Grayscale’s submission also coincides with the start of “Crypto Week” in Washington, D.C., where lawmakers are expected to debate three key pieces of legislation to establish a more transparent regulatory framework for the digital asset industry.
The bills, viewed by analysts as potential catalysts for mainstream adoption, could pave the way for greater integration of crypto into the traditional financial system.
Trump’s Return Spurs Institutional Adoption
The crypto sector has experienced renewed momentum following President Donald Trump’s re-election. Trump has pledged to establish the U.S. as the “crypto capital of the world.”
Under his administration, SEC Chair Paul Atkins has taken steps to provide increased regulatory clarity—a sharp departure from previous leadership.
This policy shift has encouraged more firms to add Bitcoin to their corporate treasuries, reinforcing the asset’s role as both a store of value and a strategic financial instrument.
According to Reuters, a growing number of U.S.-based companies are aligning their balance sheets with crypto, showing that Bitcoin is increasingly being treated as a core asset rather than a speculative bet.
SEC Freezes Grayscale Digital Fund ETF Conversion
Earlier this month, the U.S. SEC abruptly froze the approval of the Grayscale Digital Large Cap Fund’s conversion into an exchange-traded fund, halting its launch just a day after the green light was given.
— Cryptonews.com (@cryptonews) July 3, 2025
SEC freezes the Grayscale Digital Fund ETF conversion just one day after approval, putting the fund’s launch on hold pending further review.#SEC #Grayscale https://t.co/scw62SvQEk
On July 1, the SEC’s Division of Trading and Markets approved the NYSE Arca’s proposal to list and trade shares of the Grayscale fund under an amended rule.
The approval came with accelerated status, indicating initial confidence in the product’s readiness for market. However, within 24 hours, the Commission exercised its right to review the decision, automatically staying the approval under Rule 431 of the SEC’s Rules of Practice.
The reversal adds an unexpected twist to what had been hailed as a landmark moment for multi-asset crypto ETFs in the U.S.
Launched in 2018, the Grayscale Digital Large Cap Fund holds a basket of top cryptocurrencies, with Bitcoin and Ethereum accounting for more than 91% of its portfolio. Altcoins such as XRP, Solana, and Cardano make up the rest, each carrying differing degrees of regulatory uncertainty.
The post Grayscale Submits Confidential IPO Filing to SEC as Bitcoin Tops $120K appeared first on Cryptonews.
Read More
Grayscale Files Confidential Submission for IPO With SEC
Grayscale Submits Confidential IPO Filing to SEC as Bitcoin Tops $120K
Grayscale, a leading crypto-focused asset manager, has confidentially submitted documents to the U.S. Securities and Exchange Commission (SEC), Reuters reported on Monday.
The firm has potential plans for a public listing, as the asset manager positions itself to capitalize on renewed investor optimism and regulatory momentum in the United States.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) July 14, 2025
This development comes as Bitcoin has surged past the $120,000 mark for the first time, buoyed by institutional interest and growing integration of digital assets into mainstream finance.
While Grayscale has not disclosed details of its SEC filing, the confidential submission reflects rising expectations that regulatory clarity may unlock new avenues for crypto firms seeking access to public markets.
Washington’s Crypto Week Drives Market Optimism
Grayscale’s submission also coincides with the start of “Crypto Week” in Washington, D.C., where lawmakers are expected to debate three key pieces of legislation to establish a more transparent regulatory framework for the digital asset industry.
The bills, viewed by analysts as potential catalysts for mainstream adoption, could pave the way for greater integration of crypto into the traditional financial system.
Trump’s Return Spurs Institutional Adoption
The crypto sector has experienced renewed momentum following President Donald Trump’s re-election. Trump has pledged to establish the U.S. as the “crypto capital of the world.”
Under his administration, SEC Chair Paul Atkins has taken steps to provide increased regulatory clarity—a sharp departure from previous leadership.
This policy shift has encouraged more firms to add Bitcoin to their corporate treasuries, reinforcing the asset’s role as both a store of value and a strategic financial instrument.
According to Reuters, a growing number of U.S.-based companies are aligning their balance sheets with crypto, showing that Bitcoin is increasingly being treated as a core asset rather than a speculative bet.
SEC Freezes Grayscale Digital Fund ETF Conversion
Earlier this month, the U.S. SEC abruptly froze the approval of the Grayscale Digital Large Cap Fund’s conversion into an exchange-traded fund, halting its launch just a day after the green light was given.
— Cryptonews.com (@cryptonews) July 3, 2025
On July 1, the SEC’s Division of Trading and Markets approved the NYSE Arca’s proposal to list and trade shares of the Grayscale fund under an amended rule.
The approval came with accelerated status, indicating initial confidence in the product’s readiness for market. However, within 24 hours, the Commission exercised its right to review the decision, automatically staying the approval under Rule 431 of the SEC’s Rules of Practice.
The reversal adds an unexpected twist to what had been hailed as a landmark moment for multi-asset crypto ETFs in the U.S.
Launched in 2018, the Grayscale Digital Large Cap Fund holds a basket of top cryptocurrencies, with Bitcoin and Ethereum accounting for more than 91% of its portfolio. Altcoins such as XRP, Solana, and Cardano make up the rest, each carrying differing degrees of regulatory uncertainty.
The post Grayscale Submits Confidential IPO Filing to SEC as Bitcoin Tops $120K appeared first on Cryptonews.
Read More