Grayscale | Crypto

Grayscale Investments took a significant step toward going public on July 14 by submitting a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC). Such filings usually signify a firm’s intent to conduct an initial public offering (IPO), making Grayscale the latest in a wave of crypto firms pursuing IPOs after the […] The post Grayscale’s confidential SEC filing hints at public debut by 2025 appeared first on CryptoSlate.

Crypto-focused asset manager Grayscale's IPO may enable it to seek out new funding avenues such as stock or convertible note offerings. Cryptocurrency-focused asset manager and exchange-traded fund (ETF) issuer Grayscale joined a growing list of crypto companies seeking to launch IPOs in the United States. On Monday, Grayscale said it had filed to list its company shares with the Securities and Exchange Commission (SEC) under a new clause that enables confidential filings ahead of a final public offering. Entering public markets would enable Grayscale to seek more funding opportunities through strategies such as public stock offerings, which was leveraged by Michael Saylor’s Strategy, or convertible note offerings, such as GameStop’s $2.25 billion offering from June 13. Read more

Grayscale Asset Management has questioned the US Securities and Exchange Commission (SEC) decision to issue a stay on the application to convert the Digital Large Cap Fund (DLCF) into an exchange-traded fund (ETF). In a July 8 letter, Grayscale’s legal team argued that the SEC exceeded its authority, as the application had already been approved […] The post Grayscale pushes back on SEC’s decision to stay ETF conversion appeared first on CryptoSlate.

Attorneys for Grayscale argued that the US regulator's delay of the approval or disapproval decision clashes with existing statutes. Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent on Tuesday. The SEC’s Division of Trading and Markets initially approved the ETF proposal, but the SEC’s Office of the Secretary decided to review the action immediately afterward, halting the decision, Grayscale’s attorneys said. This violates the “statutory approval or disapproval deadline” set by the SEC and conflicts with established procedure, according to the attorneys. The letter read: Read more

Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay order, despite receiving approval from the Securities and Exchange Commission (SEC) on July 1. Bloomberg ETF analyst James Seyffart said in a social media post on July 2 that the stay blocks the conversion “for now” […] The post SEC temporarily halts Grayscale’s multi-asset crypto ETF debut despite conversion greenlight appeared first on CryptoSlate.

Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds. Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured in the CoinDesk Five Index. Roughly 80.2% of the weighted fund is Bitcoin (BTC), followed by Ether (ETH) at 11.3%, while Solana (SOL) accounts for approximately 2.7% of the fund, XRP (XRP) commands over 4.8%, and Cardano's ADA (ADA) has a weighting of 0.81% in the fund. Read more

Grayscale has unveiled a new single-asset investment vehicle centered on the Space and Time (SXT) token, according to a June 24 announcement. The fund, officially named the Space and Time Trust, offers accredited investors direct exposure to one of the crypto sector’s newest data infrastructure projects. Individual and institutional participants can subscribe to the Trust […] The post Grayscale launches Space and Time Trust to capture surging interest in data infrastructure appeared first on CryptoSlate.