Grayscale, the world’s largest crypto asset manager, has taken another major step towards expanding its ETF lineup. The company has officially filed registration statements for Litecoin (LTC), Hedera (HBAR), and Bitcoin Cash (BCH) ETFs, giving investors more options for direct exposure to digital assets.
According to a U.S. Securities and Exchange Commission (SEC) filing, Grayscale has filed an S-3 form to transform its Bitcoin Cash Trust into an exchange-traded fund (ETF). If approved, this would be the first-ever Bitcoin Cash ETF in the U.S.Â
The fund will be listed on NYSE Arca and the Bank of New York Mellon will be the administrator with Coinbase being the prime broker and custodian.
Grayscale highlighted that the filing follows the proposed Generic Listing Standards, which the SEC has yet to approve. If adopted, these standards would allow funds like the BCH ETF to list and trade more easily on exchanges.
Litecoin and Chainlink Conversions
In addition to the BCH filing, Grayscale also filed an S-3 filing related to its Litecoin Trust, requesting it to be converted into an ETF. This mirrors the company’s move earlier this week when it filed for a Chainlink ETF. All of these funds would be listed on NYSE Arca once the SEC finalizes the rules.
Hedera ETF Through Nasdaq
The Hedera ETF filing is slightly different. Grayscale submitted an S-1 form since it does not yet operate a closed-end fund for HBAR. Nasdaq has already filed a 19b-4 application to list and trade shares of this fund.
The SEC has delayed its decision, with a final deadline set for November 12. Interestingly, Canary’s Hedera ETF faces a November 8 deadline, raising the chance that both funds could be approved together.
With these filings, Grayscale is signaling strong confidence that U.S. regulators may soon broaden crypto ETF approvals beyond Bitcoin and Ethereum.
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