Asset manager Grayscale delays IPO plans as crypto listing boom loses steam

Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans. What to know : Grayscale has paused its IPO plans due to unfavorable market conditions and is unlikely to resume preparations before Q4, according to a source. The crypto asset manager, which filed confidentially for a U.S. IPO last November, is one of the industry’s largest firms and oversees products including the Bitcoin Trust ETF (GBTC). The broader crypto IPO market has cooled in 2026 as weaker trading volumes and post-listing performance by some of the stocks have dampened investor appetite, prompting companies including Kraken parent Payward, ConsenSys and Ledger to delay listings.