One of the world’s largest cryptocurrency managers, Grayscale would have been filed for IPO, says publication

One of the world’s largest cryptocurrency managers, Grayscale would have been filed for IPO, says publication

(Image: Twitter/Grayscale)

THE Grayscaleone of the largest asset managers focused on cryptocurrency of the world, said on Monday (14) that it submitted, confidentially, a documentation with the SEC, the CVM of the United Stateswhich could signal plans for a US listing. The information is from Reuters Internacional.

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Although the information is preliminary, the moment is very positive for the cryptocurrency market as a whole.

Starting with the initial offer of actions (IPOin the acronym) of Circle (CRCL)which was considered a success by the market and investors with a jump of more than 400% in the price of stocks in the first days negotiation.

In addition, the recent price leap Bitcoin (BTC) Animated investors as a whole. Finally, the hollow announcement coincides with the beginning of Crypto Week In Washington, where legislators are about to discuss three major bills that can offer the long -awaited clarity to the industry. Read more here.

Grayscale, the largest cryptocurrency manager in the world

Founded in 2013, Grayscale is a digital asset management company that provides services to both institutional investors and retail.

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Its main product is Grayscale Bitcoin Trust (GBTC), the third largest bitcoin fund in the world, with $ 21.61 billion assets under management, according to aggregator Wallet Pilot.

The fund allows exposure to Bitcoin without the need for purchase, custody and direct storage of cryptocurrency.

In addition, the company manages an asset portfolio that exceeds $ 45 billion, covering several funds that accompany the performance of various cryptocurrencies, which include, besides Bitcoin, Ethereum (eth) and Litecoin (LTC).

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Source: Moneytimes

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