Grayscale has postponed its plans for a US initial public offering (IPO) due to unfavorable market conditions, with the process expected to resume no earlier than the fourth quarter of 2026. The digital asset management firm, a subsidiary of DCG, is known for its crypto investment products, including the Bitcoin spot ETF GBTC. This decision comes as the crypto market faces declining trading volumes and underperforming IPOs, prompting other companies like Kraken's parent Payward, ConsenSys, and Ledger to also delay their public listing plans. However, Blockchain.com continues to pursue its US IPO application.