Grayscale publicly submitted an IPO application, betting on the prospects of digital assets and seeking Compliance.

Golden Finance reported that Grayscale has publicly submitted its IPO application, making it the latest cryptocurrency-related company to test the public market as the U.S. government becomes more open to digital assets. According to documents submitted by the company to the SEC on Thursday, the revenue for the nine months ending September 30 was $318.7 million, with a net income of $203.3 million. In comparison, revenue a year ago was $397.9 million, with a net income of $223.7 million. The company secretly submitted its listing application in July. With the end of the U.S. government shutdown, IPO activity is expected to accelerate before the end of the year. Even so, considering the required waiting period and holidays, there are only a few weeks left on the calendar for potential IPOs in 2025. The documents show that Grayscale currently manages approximately $35 billion in assets and has over 40 products, providing exposure to more than 45 Tokens.