Grayscale Seeks SEC Nod for Bitcoin Cash (BCH) and Hedera (HBAR) ETFs

Grayscale filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday for three crypto exchange-traded funds, increasing its roster of potential choices as issuers jockey for regulatory approval.

The asset supervisor submitted an S-1 registration for a Litecoin LTC$111.83 ETF, a transfer that follows its earlier bid to transform the Grayscale Litecoin Trust into an ETF.

At the identical time, it lodged S-3 filings for exchange-traded funds tied to Bitcoin Cash BCH$580.05 and Hedera HBAR$0.2280. If permitted, the merchandise would be a part of a lineup that already contains spot bitcoin and ether ETFs launched final 12 months.

The filings underscore Grayscale’s push to diversify its crypto-linked funding merchandise whereas regulators weigh how far to open the door to such funds. Just a day earlier, the agency sought to transform its Chainlink LINK$23.05 Trust into an ETF, signaling a fast tempo of functions regardless of regulatory uncertainty.

Grayscale will not be alone. Fidelity, VanEck and a number of different issuers have lined up proposals for digital-asset funds in hopes that the SEC will log off on extra merchandise later this 12 months. Industry executives say broader approval may assist mainstream traders achieve publicity to cryptocurrencies via regulated markets, whereas doubtlessly easing issues about custody and transparency.

For now, the SEC below Chair Paul Atkins has delayed selections on a variety of crypto ETF functions. A inexperienced gentle from regulators would give traders a solution to commerce crypto publicity alongside conventional securities in brokerage accounts.