{"id":4150,"date":"2025-11-21T11:01:13","date_gmt":"2025-11-21T03:01:13","guid":{"rendered":"https:\/\/theexchain.com\/grayscale-files-for-nyse-ipo-with-35-billion-in-crypto-assets-under-management\/"},"modified":"2025-11-21T11:01:13","modified_gmt":"2025-11-21T03:01:13","slug":"%e3%82%b0%e3%83%ac%e3%82%a4%e3%82%b9%e3%82%b1%e3%83%bc%e3%83%ab%e3%81%8c350%e5%84%84%e3%81%ae%e6%9a%97%e5%8f%b7%e8%b3%87%e7%94%a3%e9%81%8b%e7%94%a8%e3%81%a7nyse-ipo%e3%82%92%e7%94%b3%e8%ab%8b","status":"publish","type":"post","link":"https:\/\/theexchain.com\/ja\/%e3%82%b0%e3%83%ac%e3%82%a4%e3%82%b9%e3%82%b1%e3%83%bc%e3%83%ab%e3%81%8c350%e5%84%84%e3%81%ae%e6%9a%97%e5%8f%b7%e8%b3%87%e7%94%a3%e9%81%8b%e7%94%a8%e3%81%a7nyse-ipo%e3%82%92%e7%94%b3%e8%ab%8b\/","title":{"rendered":"Grayscale\u3001\u6697\u53f7\u8cc7\u7523$350\u5104\u5186\u3067\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u8a3c\u5238\u53d6\u5f15\u6240\u306bIPO\u7533\u8acb"},"content":{"rendered":"<p>\u30b0\u30ec\u30fc\u30b9\u30b1\u30fc\u30eb\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c4\u306f\u3001\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u8a3c\u5238\u53d6\u5f15\u6240\u306bIPO\u7533\u8acb\u66f8\u3092\u63d0\u51fa\u3057\u3001\u30b0\u30ec\u30fc\u30b9\u30b1\u30fc\u30eb\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u793e\u3092\u901a\u3058\u3066\u7c73\u56fd\u682a\u5f0f\u5e02\u5834\u3078\u306e\u4e0a\u5834\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u3002\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u3001\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u30fb\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba\u3001\u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u3001\u30ab\u30f3\u30bf\u30fc\u306a\u3069\u306e\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u304c\u4e3b\u5e79\u4e8b\u3068\u306a\u308b\u3002\u540c\u793e\u306f\u4e0a\u5834\u306b\u3042\u305f\u308a\u3001\u30a2\u30f3\u30d6\u30ec\u30e9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3\uff08Up-C\uff09\u306e\u4ed5\u7d44\u307f\u3092\u5229\u7528\u3057\u3066\u3044\u308b\u3002\u3053\u306e\u53d6\u308a\u6c7a\u3081\u3067\u306f\u3001\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u30fb\u30aa\u30da\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0LLC\u304c\u904b\u55b6\u4e3b\u4f53\u3067\u3042\u308a\u7d9a\u3051\u3001\u65b0\u305f\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u793e\u304c\u682a\u5f0f\u516c\u958b\u306e\u30d3\u30fc\u30af\u30eb\u3068\u3057\u3066\u6a5f\u80fd\u3059\u308b\u3002\u3053\u306e\u4ed5\u7d44\u307f\u306f\u3001\u5275\u696d\u8005\u3084\u521d\u671f\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u7a0e\u5236\u4e0a\u306e\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u3001LLC\u306e\u6301\u5206\u3092\u4e0a\u5834\u682a\u5f0f\u306b\u8ee2\u63db\u3059\u308b\u3053\u3068\u3067\u3001\u6cd5\u4eba\u8ab2\u7a0e\u3067\u306f\u306a\u304f\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u8ab2\u7a0e\u306e\u512a\u9047\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002S-1\u7533\u8acb\u66f8\u306b\u3088\u308b\u3068\u3001\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u306f\u30c7\u30b8\u30bf\u30eb\u30fb\u30ab\u30ec\u30f3\u30b7\u30fc\u30fb\u30b0\u30eb\u30fc\u30d7\uff08DCG\uff09\u304c100\uff05\u6240\u6709\u3057\u3066\u304a\u308a\u3001\u540c\u793e\u306fIPO\u5f8c\u3082\u8b70\u6c7a\u6a29\u512a\u4f4d\u306e\u30af\u30e9\u30b9B\u682a\u3092\u901a\u3058\u3066\u652f\u914d\u6a29\u3092\u7dad\u6301\u3059\u308b\u3002IPO\u8cc7\u91d1\u306f\u3059\u3079\u3066LLC\u306e\u8ffd\u52a0\u6301\u5206\u53d6\u5f97\u306b\u5145\u3066\u3089\u308c\u308b\u3002Grayscale\u306f\u6697\u53f7\u901a\u8ca8\u6295\u8cc7\u306e\u30d1\u30a4\u30aa\u30cb\u30a2\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u78ba\u7acb\u3057\u3066\u304a\u308a\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3068\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u6295\u8cc7\u5546\u54c1\u3092\u521d\u3081\u3066\u767a\u58f2\u3057\u3001SEC\u3068\u306e\u5e83\u7bc4\u306a\u898f\u5236\u95a2\u4e0e\u3092\u7d4c\u3066\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3068\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u4fe1\u8a17\u3092\u30b9\u30dd\u30c3\u30c8ETF\u306b\u8ee2\u63db\u3059\u308b\u3053\u3068\u306b\u6210\u529f\u3057\u305f\u3002\u540c\u793e\u306e\u30c7\u30b8\u30bf\u30eb\u5927\u578b\u30d5\u30a1\u30f3\u30c9\u306f\u5e02\u5834\u306b\u5927\u304d\u306a\u5f71\u97ff\u529b\u3092\u767a\u63ee\u3057\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u8ffd\u52a0\u30fb\u9664\u5916\u3055\u308c\u305f\u30c8\u30fc\u30af\u30f3\u306e\u5927\u5e45\u306a\u5024\u52d5\u304d\u3092\u3057\u3070\u3057\u3070\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u308b\u30022025\u5e749\u670830\u65e5\u73fe\u5728\u3001Grayscale\u306e\u904b\u7528\u8cc7\u7523\u7dcf\u984d\u306f$350\u5104\u30c9\u30eb\u3067\u3001\u6697\u53f7\u901a\u8ca8\u8cc7\u7523\u904b\u7528\u306e\u4e16\u754c\u7684\u30ea\u30fc\u30c0\u30fc\u3068\u3057\u3066\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u3066\u3044\u308b\u3002\u540c\u793e\u306f45\u4ee5\u4e0a\u306e\u6697\u53f7\u901a\u8ca8\u3092\u30ab\u30d0\u30fc\u3059\u308b40\u4ee5\u4e0a\u306e\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u6295\u8cc7\u5546\u54c1\u3092\u63d0\u4f9b\u3057\u3066\u3044\u308b\u30021TP4,350\u5104AUM\u306e\u5185\u8a33\u306f\u3001ETP\u304a\u3088\u3073ETF\u5546\u54c1\uff08\u4e3b\u306b\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u3001SOL\u95a2\u9023\uff09\u304c1TP4,339\u5104AUM\u3001\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u6697\u53f7\u901a\u8ca8\u306b\u7279\u5316\u3057\u305f\u79c1\u52df\u30d5\u30a1\u30f3\u30c9\u304c1TP4,100\u5104AUM\u3068\u306a\u3063\u3066\u3044\u308b\u30022025\u5e749\u670830\u65e5\u307e\u3067\u306e9\u30f5\u6708\u9593\u306e\u696d\u7e3e\u306f\u3001\u58f2\u4e0a\u9ad8\u304c\u7d04$3\u51041900\u4e07\u3067\u3001\u524d\u5e74\u540c\u671f\u6bd420%\u306e\u6e1b\u5c11\u3068\u306a\u3063\u305f\u3002\u55b6\u696d\u8cbb\u7528\u306f8.4%\u5897\u52a0\u306e$116\u767e\u4e07\u5186\u3001\u55b6\u696d\u5229\u76ca\u306f30.4%\u6e1b\u5c11\u306e$202\u767e\u4e07\u5186\u3002\u305d\u306e\u4ed6\u5229\u76ca\u3092\u542b\u307f\u3001\u7a0e\u91d1\u5f15\u5f53\u91d1\u3092\u9664\u3044\u305f\u5f53\u671f\u7d14\u5229\u76ca\u306f\u3001\u524d\u5e74\u6bd49.1%\u6e1b\u306e$P2\u5104300\u4e07\u5186\u3068\u306a\u3063\u305f\u3002\u975e\u7d4c\u5e38\u9805\u76ee\u8abf\u6574\u5f8c\u306e\u7d14\u5229\u76ca\u306f$208\u767e\u4e07\u5186\u3067\u3001\u7d14\u5229\u76ca\u7387\u306f65.3%\u3067\u3042\u3063\u305f\u3002\u8abf\u6574\u5f8c\u306e\u7d14\u5229\u76ca\u306f8.5%\u6e1b\u5c11\u3057\u305f\u304c\u3001\u5229\u76ca\u7387\u306f\u524d\u5e74\u540c\u671f\u306e57.2%\u304b\u3089\u6539\u5584\u3057\u305f\u3002\u6e1b\u53ce\u6e1b\u76ca\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u306f\u8cc7\u7523\u4fa1\u5024\u306e\u5411\u4e0a\u3001\u8ca0\u50b5\u306e\u524a\u6e1b\u3001\u5229\u76ca\u7387\u306e\u5411\u4e0a\u3092\u901a\u3058\u3066\u7d4c\u55b6\u52b9\u7387\u306e\u6539\u5584\u3092\u793a\u3057\u3066\u3044\u308b\u3002\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u306e\u4eca\u5f8c\u306e\u6210\u9577\u6226\u7565\u306b\u306f\u3001\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u5546\u54c1\u3092\u8ffd\u52a0\u3057\u3066\u79c1\u52df\u30d5\u30a1\u30f3\u30c9\u306e\u63d0\u4f9b\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u3001\u65e2\u5b58\u306e\u30d1\u30c3\u30b7\u30d6\u6295\u8cc7\u30d3\u30fc\u30af\u30eb\u3092\u88dc\u5b8c\u3059\u308b\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u5546\u54c1\u3092\u5c0e\u5165\u3059\u308b\u3053\u3068\u3001\u81ea\u793e\u5546\u54c1\u3001\u6697\u53f7\u901a\u8ca8\u3001\u305d\u306e\u4ed6\u306e\u8cc7\u7523\u3078\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u6295\u8cc7\u3092\u8ffd\u6c42\u3059\u308b\u3053\u3068\u306a\u3069\u304c\u542b\u307e\u308c\u308b\u3002\u540c\u793e\u306f\u8ca9\u58f2\u30c1\u30e3\u30cd\u30eb\u3082\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u5408\u8a08$14.2\u5146\u5186\u306e\u8cc7\u7523\u3092\u7ba1\u7406\u3059\u308b3\u3064\u306e\u8a3c\u5238\u4f1a\u793e\u3068\u306e\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3092\u5b8c\u4e86\u3057\u305f\u3002Grayscale\u306f\u6700\u8fd1\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3068\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u30df\u30cbETF\u3092\u300117,500\u4eba\u4ee5\u4e0a\u306e\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u3068$1\u5146\u5186\u4ee5\u4e0a\u306e\u52a9\u8a00\u30fb\u4ef2\u4ecb\u8cc7\u7523\u3092\u6301\u3064\u5927\u624b\u72ec\u7acb\u7cfb\u30d6\u30ed\u30fc\u30ab\u30fc\u30fb\u30c7\u30a3\u30fc\u30e9\u30fc\u30fb\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u4e0a\u5834\u3055\u305b\u305f\u3002\u540c\u793e\u306f8\u6708\u306biCapital Network\u3068\u63d0\u643a\u3057\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u6226\u7565\u3092\u901a\u3058\u30666,700\u306e\u9867\u554f\u4f1a\u793e\u306b\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u6295\u8cc7\u3078\u306e\u30a2\u30af\u30bb\u30b9\u3092\u63d0\u4f9b\u3057\u3066\u3044\u308b\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments has submitted an IPO application to the New York Stock Exchange, aiming to list on the U.S. stock market through Grayscale Investment, Inc. The offering is led by major financial institutions including Morgan Stanley, Bank of America Securities, Jefferies, and Cantor as principal underwriters. The company is utilizing an Umbrella Partnership Corporation (Up-C) structure for its public listing. Under this arrangement, Grayscale Operating, LLC remains the operational entity while the newly formed Grayscale Investment, Inc. serves as the publicly traded vehicle. This structure provides tax advantages for founders and early investors, allowing them to convert LLC interests into publicly traded shares with capital gains tax benefits rather than [&hellip;]<\/p>","protected":false},"author":1,"featured_media":4149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-4150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insight"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/posts\/4150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/comments?post=4150"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/posts\/4150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/media\/4149"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/media?parent=4150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/categories?post=4150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/ja\/wp-json\/wp\/v2\/tags?post=4150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}