Grayscale temporarily suspends IPO plans amid market slowdown

Grayscale has temporarily suspended its plans for an initial public offering (IPO) due to market conditions, CoinDesk reported. A source told the outlet that it is unlikely the company will resume IPO preparations before the fourth quarter of this year. Grayscale filed its IPO paperwork with the U.S. Securities and Exchange Commission (SEC) last November. The move highlights the cautious stance cryptocurrency companies are taking on public listings amid increased market volatility and sluggish investor demand, the report added.