IPOs are back, baby. Will the Grayscale IPO be a massive success, or a horrible failure? Today, we'll unpack Grayscale's business model, how they make money, and the risks they face. These risks include unreasonably high expense ratios, growing competition from the likes of BlackRock, and - oh yeah, no revenue growth.

Stay informed with our free disruptive technology investing newsletter, Nanalyze Weekly. Sign up now at https://www.nanalyze.com/nanalyze-weekly/. This episode is pulled from a YouTube presentation. View the original presentation at https://youtu.be/MbhUcT9vXyo.