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A month after Circle’s IPO, Grayscale Investments appears to be plotting a similar path.  

Chances are you’ve seen the company’s airport ads or recalled it notched a big legal win against the SEC — even if you don’t know exactly what it’s up to these days.

Like Gemini did last month, Grayscale “confidentially” submitted a draft registration statement with the SEC. It’s a step toward going public. A spokesperson declined to comment further. 

The Grayscale Bitcoin Trust (GBTC) launched as a private offering in 2013 and debuted on the OTC market in 2015. It morphed…

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