- Grayscale has submitted ETF filings for Litecoin, Hedera, and Bitcoin Cash to the SEC.
- The applications aim to convert existing trusts into ETFs, but approvals are still pending.
Grayscale has once again turned heads in the crypto market by filing fresh registration statements with the U.S. Securities and Exchange Commission (SEC). This time, the asset manager is seeking approval for three altcoin exchange-traded funds tied to Litecoin, Hedera, and Bitcoin Cash.
The filings, which remain subject to amendment and review, reflect the firm’s ongoing ambition to broaden its ETF lineup after breaking ground with its Bitcoin and Ethereum products in 2024. By converting its current trust structures into ETFs, Grayscale is betting that these altcoins will gain stronger visibility and trading access in mainstream markets. For investors, that could mean exposure without the hurdles of directly holding the tokens themselves.
Grayscale Shows Intent with Hedera Litecoin, and Bitcoin Cash ETFs Despite Pending Approvals
The filings include an S-1 registration for the Hedera ETF, submitted alongside an earlier Nasdaq 19b-4 application seeking to list the product. In parallel, Grayscale lodged S-3 submissions for Litecoin and Bitcoin Cash, with the New York Stock Exchange expressing readiness to list them once SEC clearance is secured.
None of the 19b-4 applications have been granted so far, leaving approval timelines uncertain. Despite the pending approval, Grayscale’s move comes after the corporation’s strategy of gradually converting its trust products into ETFs, reflecting its successful transformation of the Bitcoin Trust into a spot ETF back in 2024. This strategic move paves the way for a more familiar and regulated entry point for institutional and retail participants seeking diversified crypto exposure.
Grayscale Builds Momentum with a Growing ETF Pipeline that Could Reshape Altcoin Access
These recent altcoin filings come hot on the heels of Grayscale’s attempts to register ETFs for Chainlink and Cardano. The filing for Chainlink aims to broaden Grayscale’s horizon regarding crypto investment options for U.S. investors. On the other hand, the objective for the S-1 Cardano ETF filing is to acquire ADA directly without any leverage or derivatives.
These filings highlight a stable pipeline of possible offerings designed to broaden investor access that transcends Bitcoin and Ethereum. The funds, if approved, would commence trading on different platforms, including NYSE and Nasdaq, connecting crypto markets more closely with traditional finance.
While the SEC remains cautious, the fact that Grayscale continues to push its ETF roadmap suggests confidence in growing demand. For sports fans of digital assets, these ETFs could mark another step toward integrating altcoins into regulated, widely accessible financial products.
