BitGo Joins Grayscale and Bullish in Race to Go Public
Crypto custody firm BitGo has confidentially filed for a U.S. IPO, becoming the latest in a string of blockchain companies positioning for public markets amid a wave of regulatory clarity.
The filing, submitted to the SEC, outlines a proposed offering of Class A shares, though pricing and share counts remain undisclosed.
The IPO will move forward once the SEC’s review concludes and market conditions are deemed favorable. BitGo’s move follows closely behind similar filings from Grayscale and Bullish, signaling a renewed push by major crypto players to tap into public capital markets.
Grayscale filed last week ahead of “Crypto Week,” which featured the passage of the landmark GENIUS Act. Like BitGo, the asset manager hasn’t released specific IPO details.
Meanwhile, Bullish, backed by Peter Thiel, filed its paperwork with more transparency—naming J.P. Morgan, Citigroup, and Deutsche Bank as lead underwriters, and targeting a listing on the NYSE under the ticker “BLSH.”
With regulation tightening and the crypto market maturing, the IPO window appears to be reopening for the industry’s heavyweights.
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
