PANews reported on October 30th that, according to Reuters, sources familiar with the matter said OpenAI is paving the way for an initial public offering (IPO) that could value the company at up to approximately $1 trillion, potentially making it one of the largest IPOs in history. OpenAI is considering filing for listing with securities regulators as early as the second half of 2026. In initial discussions, the company is considering a minimum fundraising amount of $60 billion, but the actual amount could be higher. Negotiations are still in the early stages, and the plans (including specific figures and timelines) may change depending on business growth and market conditions. The sources also said that Chief Financial Officer Sarah Friar has told some colleagues that the company plans to go public in 2027.


21Shares has filed for a Hyperliquid ETF, while Bitwise’s Solana staking ETF has a big day of trading as investors perk their ears toward altcoins. Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies.The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians.It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month. The token gives discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain. It has increased in value over the past year, in line with the service’s growing popularity.Read more