PANews reported on May 28th that, according to CoinDesk, digital asset management company Grayscale has suspended its preparations for a US public listing due to the current unfavorable market environment. The process is expected to resume no earlier than the fourth quarter of this year. Grayscale, a subsidiary of DCG, is the issuer of several crypto investment products, including the Bitcoin spot ETF GBTC. 2026 was originally considered a peak year for crypto IPOs, but with weakening trading volumes and underperforming IPOs like BitGo, companies such as Kraken's parent company Payward, ConsenSys, and Ledger have also chosen to postpone their listing plans. Meanwhile, Blockchain.com is still pursuing its US IPO application.