Crypto asset manager Grayscale Investments has confidentially filed preliminary registration documents for an initial public offering with the US Securities and Exchange Commission (SEC), the company announced on Monday.
The filing did not disclose the number of shares, valuation, or timing of the listing.
Under SEC rules, confidential filings allow companies to withhold financial details until closer to the offering date, typically revealing the prospectus 15 days before investor roadshows begin.
An initial public offering would be a major milestone for Grayscale, which converted its Bitcoin Trust (GBTC) into a spot ETF in January following a legal victory over the SEC.
Its Ethereum Trust followed suit in May, helping the company's total assets under management exceed $30 billion amid record cryptocurrency prices.