Breaking: Crypto Custodian BitGo Files For U.S. IPO Following Grayscale and Bullish

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.