Grayscale

Crypto billionaire Barry Silbert founded Grayscale Investments, a subsidiary of his conglomerate Digital Currency Group, in 2013. That year, the Connecticut-based digital asset manager launched the Grayscale Bitcoin Trust, which allows investors to gain exposure to Bitcoin without holding the cryptocurrency. The company's successful 2023 lawsuit against the Securities and Exchange Commission forced the regulator to approve spot Bitcoin ETFs in January 2024, a landmark moment for the crypto industry.

Increased competition from Fidelity and BlackRock have led investors to exit the product, totaling more than $25 billion in outflows since the launch of spot Bitcoin ETFs in the U.S. Still, as of September 2025, the company has nearly $35 billion in assets under management. In November 2025, Grayscale filed for an IPO. Peter Mintzberg is the CEO.