Crypto Asset Manager Grayscale Files Confidentially for US IPO

Grayscale Investments LLC has filed confidentially for a US initial public offering, the latest cryptocurrency-related company to tap public markets with digital assets led by Bitcoin hitting record highs. The crypto asset manager on Monday announced that it had submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission. The number of shares to be registered as well as the price range have not yet been determined, the company said.