Grayscale is reported to have temporarily suspended its Initial Public Offering (IPO) plans due to market conditions. According to CoinDesk, sources said it is unlikely that IPO preparations will resume before the fourth quarter of this year. Grayscale submitted documents for its IPO to the U.S. Securities and Exchange Commission (SEC) last November. The media explained, "This shows that cryptocurrency companies are taking a cautious approach to listing as market volatility increases and investment demand remains sluggish."
