Grayscale Files for Bitcoin Cash, Hedera, and Litecoin ETFs

The asset manager is seeking to convert its existing closed-end trusts into exchange-traded funds, which would be listed on either Nasdaq or NYSE Arca.

This is the same approach the firm used successfully when it transitioned its Bitcoin and Ethereum products into ETFs in 2024 after a lengthy regulatory battle with the SEC.

Documents filed with the commission note that approval of the 19b-4 process or updated exchange standards would be required before launch.

Grayscale’s BCH trust held more than $200 million in net assets as of June 30, while its other vehicles continue to draw institutional interest despite trading at discounts to net asset value.

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The move comes at a time when regulators are weighing a wave of new crypto ETF proposals, including applications tied to Dogecoin, XRP, and others. The SEC recently delayed its decision on Grayscale’s Hedera filing as well as Bitwise’s Dogecoin ETF.

Grayscale’s history with the SEC is closely watched after its 2023 court victory helped pave the way for Bitcoin and Ethereum ETFs.

Since going live in January 2024, spot Bitcoin ETFs have already cleared $1.2 trillion in trading volume, reinforcing expectations that altcoin ETFs could draw significant liquidity if approved.

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