Companies • July 14, 2025, 9:52AM EDT Quick Take Grayscale’s confidential filing signals the next major U.S. crypto IPO after Circle’s debut and could gauge renewed investor demand. The submission comes as a listing pipeline for crypto companies is reopening on Wall Street under Donald Trump’s administration. Crypto asset manager Grayscale Investments has confidentially submitted a draft registration statement for an initial public offering to the U.S. Securities and Exchange Commission, accordi...