News

Grayscale Files for Public Listing on New York Stock Exchange

The crypto-native asset manager has selected ticker GRAY.

Nov 13, 2025 • 1 min read

The world’s largest digital asset manager has to publicly list "Class A" stock shares on the New York Stock Exchange under the ticker symbol GRAY, per an S-1 filing with the SEC. This listing is contingent on SEC approval.

What's the Scoop?

AUM Leader: Grayscale reported $35B in AUM as of September 30 and estimated a $365B total addressable market across its 45-asset product suite, which includes popular ETF products for BTC and ETH.
DCG Retains Control: The Grayscale IPO will adopt a dual-share structure. Parent company Digital Currency Group (DCG) will retain majority voting power with separate Class B shares, which confer no economic rights but have ten votes per share.
Tax Optimized: Grayscale will use an Up-C structure to go public, a tax-advantaged structure that allows a company to go public while preserving the preferential tax status of the pre-IPO owners.

Grayscale publicly filed its S-1 with the SEC today and has applied to list on the New York Stock Exchange under the symbol GRAYhttps://t.co/nehaviYrfP
— Barry Silbert (@BarrySilbert) November 13, 2025

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