But, you ask, what does this mean? What is the grand plan? Well, the company, in its infinite wisdom, has not yet deigned to reveal the number of shares it intends to register or the proposed price range. The confidential filing, a tactic as old as the hills, allows Grayscale to register with the SEC without spilling the beans during the review process. This gives the firm the opportunity to fine-tune the details of its submissions, much like a master craftsman perfecting his masterpiece in the dead of night, away from prying eyes.