NewsletterBreaking: Crypto Custodian BitGo Files For U.S. IPO Following Grayscale and Bullish
Highlights
- BitGo Holdings has filed its draft S-1 form for an IPO with the SEC.
- The number of shares and price range has yet to be determined.
- The BitGo IPO will take place once the SEC is done with its review process.
Crypto custody firm BitGo is the latest crypto firm to file for a U.S. IPO as the industry gains regulatory clarity, providing a bullish trajectory for these companies. This BitGo IPO filing comes just a week after Grayscale and Bullish also filed for an initial public offering.
BitGo IPO Takes Centre Stage With SEC Filing
In a press release, the crypto firm announced that it has confidentially submitted a draft registration statement to the SEC, relating to the proposed initial public offering of its Class A common stock. The company noted that it has yet to determine the number of shares it will offer and the price range for them.
The BitGo IPO will take place after the Commission completes its review process, subject to market and other conditions. The company is the latest to jump on the IPO wave as the Trump administration provides regulatory clarity for the crypto industry.
As CoinGape reported, Grayscale had confidentially filed for a U.S. IPO ahead of Crypto Week, which saw the GENIUS Act become law. Similar to BitGo’s statement, the asset manager noted that it has yet to determine the number of shares it will offer or the price range.
Furthermore, Peter Thiel-backed crypto exchange Bullish also filed for a U.S. IPO last week. Unlike the Grayscale and BitGo IPO filings, the crypto exchange revealed some key details.
J.P. Morgan, Citigroup, and Deutsche Bank are the lead underwriters for the public offering. Meanwhile, the company is aiming to list under the ticker symbol “BLSH” on the New York Stock Exchange (NYSE).
$100 Billion Assets Under Custody
The BitGo IPO will take place with the crypto firm boasting momentum. The firm’s website shows that it currently holds $100 billion in assets on its platform. The platform also prides itself as the number one custodian and prime broker.
Notably, the crypto custodian has played a key role in distributing repayments from the Mt. Gox and FTX Bankruptcy Estate and boasts over 1,500 institutions as clients since its founding in 2013.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Bitcoin Gains State Adoption as Texas Becomes First U.S. State to Purchase BTC
- Rate Cut Advocate Kevin Hassett Emerges as Trump’s Top Pick For Fed Chair
- Breaking: Crypto Platform Polymarket To Operate As A U.S. Exchange as CFTC Issues Key Order
- SEC Panel to Discuss Regulatory Changes for Tokenized Equities on Dec. 4
- December Fed Rate Cut Odds Surge To 85% Following PPI Release
- Chainlink Price Could Soar to $15 as ETF Listing Nears
- Will Cardano Price Rebound as Hoskinson Hints at a TVL Surge After Midnight Launch?
- Ethereum Price Holds $2,900 Amid Massive ETF Inflows and BlackRock Purchase
- Sui Price Surges 12%: Could This Mark the Start of a Bullish Trend?
- Is Bitcoin Price Set for Major Recovery as December Rate Cut Chances Hit 80.9%?
- Solana Price Jumps as Bitwise ETF Sees Record $39.5M Inflow: Targeting $150 Next?
